Trust is gone...It's too bad that its taken this long for everyone to realize which way this is going...
To be honest, I'm surprised that the share price has cratered down to present levels; especially with the amount of money in the coffers (or had)...
Think about it...(we've discussed it a million times)...
Looking back...The company hits the jackpot hole as we were all enamored with...They've got $8-10 million in the bank when they announced the new financing... yet...decide to raise more money anyway to the tune of $8 million...It had me scratching my head, but hey, I figured they had big plans...
So..............When they BUMPED the financing up to $15 million...Anyone with half a brain should have been able to see that something wasnt right! That was the easiest call...Seriously!! They were grasping a $hit, and since they drilled right into known mineralization...they took the money with both hands and ran with it...because they knew there was a good chance they would not be able to replicate the holes or expand the mineralization...
Now, those "speculators" who were slow to realize the games going on, are now bitter...People should have cut their losses long ago...Now, what's done is done. Frankly, I'd crystalize the tax loss now and chunk it up as a bad nightmare...Ask yourself, is it really worth the stress? Staring at the screen watching it go down and seriously wondering if they've got anything more than a speculative play on their hands..
I've always been open and honest on these boards...and trust me, it doesnt always make me a popular person..but I call it like I see it in an effort to share...Especially with all the scheisters on these boards with alterior motives...
If you want an excellent alternative to put your money into...Check out AGG-v (African Gold Group) (Recently down from $1.06 trading at 63 cents...- I seriously think it is going to be the next Keegan Resources (trading at $7.75)...They have about 800k ozs of gold in the ground now, and are a significant way through a 50,000 meter drill program...They did a financing recently to the tune of $12 million...Those share recently become free trading which is part of the reason for the present weakness IMO. Check it out.
T2
P.S. Disclosure: I do own shares in AGG...and bought more the other day :)