RE: simply put...this is nuts28 Cents has been the iceberg that keeps giving up shares, and forcing the price to stagnate. The 30 cent block of 150k shares has been there for 2 months, and no one has chipped away at it.
The more shares they sell at 28 cents, the less they will have to sell when it starts moving. The more shares that end up in the retail investors hands the better. Retail investors tend to ride the wave, while the momentum traders send the price higher and higher. Once we've made enough, the retail investor will get out leaving the momentum traders scrambling to sell, and resulting in a big bounce (BEAUFIELD RING A BELL)
The same thing happend to BFD even up to the day it sold 50% of its float, and you know it will happen here. I see a momentum play all the way up to 80 - 85 cents, then a bounce down to 55-60 cents while we wait for more JV offers, or a staight Takeout.
Could Melkior be in a LSG senario where a company like Hochchild comes in and helps us develop a mine? Hothchild is selling its stake in LSG... could this mean they are looking to do it all over again?