Speaking of Options...I recall being somewhat annoyed in December when our Directors awarded themselves over 7 million share options at $4.56, just days before great assay results propelled the stock over $6.
Well, the owners of $35 million in underlying stock value are all underwater at today's prices, not to mention the $130 million institutional money invested at $5.40
So have Canaco's fundamental prospects changed that much for the worse recently? Well, at $1500 gold and a greatly expanded footprint in Tanzania, I find that a little difficult to credit.
Great oportunities always occur just when everybody is running scared. As I like to quote from Baron Rothschild in the 19th century:
"When the streets are flowing with blood, I buy"