Weak management here IMOA company thats
drilling 25000 m
visible gold
possible antimony resource
and all that with 38 million OS
trading at .57 in such a hot market just doesnt bode well for management. One seller with 1 million or so shares decides to split and the stock drops from a 1.05 high to .57 thats close to a 50% hair cut.
Techncally this stock should be trading at half Moz . Moz is @ 1.50-1.68 lets call that 1.6 so Moa should be at .80 for a mininmum plus thier other 2 properties which should add .20-.30 to the valuation we get a 1.00 at a minimum. Management needs to get on the phones and put the story out for this to get any respect. I bougt @.98 @.85 @.67 and today at .59 bring my average to .77 a share. I dont know if this is the bottom but if its not then Im probably taking my loss and leaving soon.
If u want in on the 25m valentine prog u either buy moa @ 1.68 or Moa @ .57-.60 and thats why I bought here.
Time will tell
Tomorow we should hopefully regain the mid .60's before we find out how much gold was in the visible samples