Last 30 DaysThe last 30 days has seen the share price drop by more than 25%, and more than 40% from the high without any disastrous news. In hindsight, I guess we should have looked at the press release schedule from last year and expected even further delays as far as assays goes. $10 at our stage of development, and drill results to that point was wayyyyyy over the top. Blue sky...to be certain. I bet management is not all that broken hearted that the price has dropped...it gives some upside for the stock for the next financing....and they will need one. My last post addressed the reason for no accumulation by insiders....of course the only way they could buy lots more is if they do a financing...hmmmm.
I have spoken before on the timing of financing...my last post on it was 30091804 Aug 18th.... my guess is that we will see one soon........ those who know the story have cashed up for cheaper shares, and the marketability of an offering now is way better than at $10 or at $8....and certainly more upside potential for buyers of a financing......... and we could certainly open up the membership in the owners club a bit.....tocqueville and rule and smd need to be diluted a bit...almost half our shares are in the hands of 6 owners.
Lookin foward to lots of upside going forward , and some pretty cool results.
Cheers
MC