RE: RE: RE: RE: RE: RE: RE: RE: RE: DRILL RESULTS This is a good board. IKE provides a lot of real info unlike others, however this is the place to vent . When your way up its hard not to be a fan. When it's in the toilet it's hard not to demand satisfaction. CANACO knows it got way ahead of itself. It never justified more then a $4.00 S.P even at the peak as we have never had a 43101 or a confirming study to establish value but this is an exploration play. I for one did not like the answers Nick gave me at the first AGM nor have I liked his answers since. We all know that at least one major or perhaps two that held millions of shares became disenchanted with the SOC issue, the lack of drill results and the apparent inaccuracy of Mr.. Earles analysis among other things. So much to the surprise of everyone , they have gone from darlings to dogs and no one at CANACO can believe how fast their fortunes have changed now that they were unceremoniously dumped. They tried to find replacements but nobody bought in to the story. Where are the flamboyant claims by their head geologist? In fact where is he? Did he resign or go on a sabbatical? As Nick said to me we are back to square one and need to rebuild all over again.
They have a lot of work ahead of them and they need to build confidence and a warm feeling about how they are handling their business by including all of us in consistent conversation about what they are doing and why. When things are not as expected and when they hit the jackpot. More about low costs and plans for the mine , infrastructure and feasibility studies ,approvals both political and environmental. Prove they are a going concern and not just an elongated pump and dump. If you go back over the charts you can see every time a major pumped it up before unloading a pile. That's the part we are supposed to pay attention to and do our job and take our profit and 50% of our investment off the table.
That being said I believe I will be selling for $3.00 April 1/2012. There are fundamentals here that can not be ignored and based on that $3.00 is the right price not $1.30 something.