OTCPK:MEAOD - Post by User
Post by
Quixoticaon Aug 24, 2010 10:18am
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Post# 17377586
Good Post Silvertrend
Good Post SilvertrendI agree with you. I while back I stated that the release of the 43-101 may not cause a spike in the share price and that the market may ho-hum the release altogether. Perhaps this time I would call it a ho-dump!
What I now believe is happening is that the market expected some fantastic results within the report yet the news may simply be very good and promising but require more, yes you guessed it - MONEY, so the finicky nature of the market sold off on what may be not earth shattering news but good nevertheless. The tree was shaken aggressively and "someone" was there to pick up the shares from weak hands - as Raffles alluded to the flip side of the coin.
One more theory regarding the delayed release of the 43-101 is that the Bank insisted, as they always have you over a barrel, that the "draft copy" of the report be made available to them prior to signing off on the loan. Being the greedy, callous pigs that they are, they agreed to the loan on the condition of receiving said warrants. They shall dispose of the warrants at a much higher price raking in an easy 2 million and will have nothing but made a few photocopies and instructed their trader to type a few keystrokes. Perhaps the damn bank helped to drop the price? But no that couldn't happen eh? Banks would never do such a thing... would they?
I find it highly coincidental that the loan was approved almost simultaneously with the news dispatch of the imminent release of the report.
As for those of you who complain that I don't post "facts" well I provide real life examples and share openly my thoughts I deem plausible. I find no point in repeating time and again that management is late, overpromise, liars, dilution blah, fukin blah. I know all that and don't condone it but from what I have experienced before the "honest as the Pope" miners are about as rare as Pope shyt.
Good luck and let's hope for significant and steady progress from here down in the ashes.
Q