Fools look to tomorrow, wise men use tonight.--ChiHello All:
Last week, on Tuesday precisely, market down immensely with substantial recovery in PM. We see a sharp increase in many small cap resource stock prices up until today and should be continuing this week as things look. FMS down to $ 0.63. @ $ 0.77 last Friday morning trading. Low volume my friends occuring now. With much more positive news out of Europe, we cannot seem to emerge from these lows and are getting lower daily.
Many individuals on here seem to think that offtake partnership deals will be the "real deal". The problem is shareholders are jumping off ship. When management promises an expanded drilling program, but fails to deliver then what good is such a NR? When management promises to release an updated technical report, but cannot deliver on that, what good is that? When management makes a low key and unclarifying NR in early Sept. about appointing so-and-so to its management team and purchasing some 200 undisclosed claims, what real good is that to the "big picture"?
These are all statements of fact. Statements made by a management team that cannot live up to their word. Keeping your word is everything in business. This big secretive behind-the-scenes dealings that Econ. & Co. are up to is actually hurting things. (Unless we all get one biggg surprise NR and things fly back up right). The only problem with that scenario is that SP will be down in the gutter.
The technical report is a necessity and legal component that is mandated. Shareholders and large stakeholders in this enterprise will eventually need to see it. Sure they were done in the past but we are 2011 now. Let's get things rolling to see what this ''updated'' NI 43-101 would look like. It's one thing to state the obvious, but results and concrete fact look better on paper signed off by an independent firm.
The message here is get the ball moving. Why delay for so long? Give us shareholders a little faith in this resource. The longer we're stuck in the 60 cent range the quicker we can get into the low end 50 cent range and people will bail. And for crying out loud, provide a clear and meaningful NR for once.
To follow-up on previous post: Why would a big player like IMG.TO sell their Lac Knife property for 250 K. Ohhh the price was low for graphite at the time as many seem to state. BIG FRIGGIN' DEAL! A company like IMG.TO can afford to hold on to the property for a few years as the price of the material increases as is the present case. 250 K for a billion dollar resource in the ground?? Just some logical thinking not to scare the investor with no balls.
I guess this really is a make or break company. It'll be hitting the home run or striking out. At this point, I have to say I think we do need some good luck to all.