Paper Loss on Ecometals; My take
With all the projects, and prospects in the pipeline, it is surprising that such a huge sell off occurred, even before the market opened...It probably started with institutional money pulling out creating a huge vacuum. While I would not deem any market action as childish, even though I may be on the wrong side on the trade, it is instructive to note the the rapidity and severity of the move.
Perhaps management could better manage the flow of information, to perhaps mitigate the wild swings.But the importance of news on trading psychology, can not be overlooked,especially when news releases are infrequent. Perhaps if the news release was made after gold was up $10-12 dollars, the swing may have not been so severe.
But hindsight is always 20/20..