RE: two holes per dayI think that any speculation on why the share price has gone down is just that, speculation. I don't think that the share price decrease is related to bad news because when First Gold announced positive news relating to the continued interception of a mineralized zone on its Lac Pivert/Rose property and again on the discovery of gold on its Matchi-Manitou property the share price went down.
I've been hoping the decrease in share price is related to a large increase in the supply of shares available for sale with a decrease in demand for shares. I know if I was Blue Note, a major shareholder in First Gold, I would be worried about having First Gold as a partner in Croinor as First Gold is focused on the Lac Pivert/Rose project or, at one point, having Conway as a partner on Croinor as they are cash poor. Maybe Blue Note has been selling to raise capital for Croinor with the expectation of having a lopsided partnership.
We do know that Blue Note have been selling a lot of shares because they were improperly declaring as an insider which also caused a reduction of investor confidence (so much so that it had to be addressed in a news release). The latest decrease in share price caused a run on selling out of fear by individual investors, as you can tell by some of the post on the board, which would only increase the supply of shares and drive the share price down even more.
That's just my opinion anyways. I doubled my position at
.30 so I find the above theory comforting when I try to sleep at night. Maybe you will too haha!