RE: On the way to 16 cents !!
Firstly-I don't see this stock dropping to 16 cents. If it did I would borrow the cash to add more stock. Remember the Tuktu NR--- that was a plummet. Don't forget about the newly discovered gold potential-it should help to firm up the support level.
This one is going to require some patience. I think the trading that is going on is:
Sell side------ are people in for the short term who realize there will likely be no spike in the foreseeable future and so are cashing out now with small profits.
Buy side---------are long term investors (some with very deep pockets I noticed) who recognize a bargain when they see it.
I would rather see the stock move slowly and steadily as opposed to the volatility seen with PGD. Too hard on the nerves and I am not experienced (nor courageous enough) to ride those waves.
The trading should level off soon and I think the price will hold around 30. I am certainly no expert in this field -just how I see it at this point in time.
Regards,
Don.