RE: Fund mgmt selling has put a tempoary lid on SPI concur SL. A logical person would not be selling like Clarus has been selling, but two things 1) there is a big appetite to have gobs of cash on the sidelines, in the event this market melts down again and 2) you have to admit, if you wanted to unload mdr stock it has not been easy to do with the fear in the markets, so what better time to do it than after a big announcement.
On the big chart view, I think this will look a lot better in 6 months/ year as we climb out of this hole. We still need some of the big players in here to support and push us forward and I think that is starting to take hold. In the mean time it still looks like we are playing on thin ice, but make no mistake about it that permit has changed the game once again.
Also, every one is tight lipped around the mdr camp so not sure if there are other things in the works. Not sure why the Arizaro results haven't been dribbled out. I can't see there being much downside to those results even if they don't increase the deposit size in a big way.
Time will tell if our support of the stock (and I know some of the posters on this board have been THE support) has been justified. Right at this moment we seem to be on track in terms of the life cycle of mine development. Fully expect, other than the above mentioned meltdown, the stock will churn back upwards here as production date draws closer.
The waiting is the hardest part. Sounds like a song you might know SL.
https://www.youtube.com/watch?v=uMyCa35_mOg&ob=av2e