SterlingSilver1Superb posts, one of the few peeps on here who seems to know their chit.
I was going to refrain from posting until I had finished loading my position, lol, but I will pipe up anyway....
First off, smoking intercepts on a property unexplored through modern technique. Obviously the property was economical at one point as it is peppered with historic mine workings. How they bought it outright for $450 grand with no added share dilution on a payment schedule is beyond me. They stole it.
The next catalyst will be the two holes in the lab from the Las Carolinas zone, (which has already seen decent RC drilling results fron last Summer). If they nail another intercept through the diamond drills like they did last week, Mr.Market is going to play 'Connect the dots" and speculate on a huge zone of mineralization. I think there is even more than 1 KM between the two zones I will have to go back and re-read the NR's.
As for the sell-off on Friday, you have profit taking from traders who expected further easy rises, you have a crapload of shareholders who have been holding $.10 cent paper for years who are more than excited to ring the register, AND, you have another 10 MIL++ warrants being exercised as I type this, which I have confirmed. So a massive paper overhang - but trading over 30 MIL shares in a day will take care of that quite handily.
Is there a PP coming?..... Personally, I think they will wait until the Las Carolinas results are in, the share price is north of $.50, to do a proper raise - say $5 MIL bucks there - and then drill the absolute chit out of this thing. Why were insiders buying $.40 cents?... They don't think like traders, they don't care if their BUY dips $.06 cents if they are quite certain it will be worth more in the near future. I COULD be wrong about a PP here, but I don't see it... if they do, I will be buying the snot out of $.30.
On top of all this, you have the northern zone 1KM to the NW from San Gregorio... results to date from RC drilling a little narrower, but it all adds tonnage....
As for insiders of companies "lying" to shareholders.... welcome to the Venture Exchange, Bwahahahaha. Every vulture for themselves....