RE: Couple of things at play with Juniors I still can't explain that trade of 5.6million shares a few days or so back. I thought it was a cross between the same brokerages but it appears that it was likely arranged. By that I mean that a buyer was looking for a huge block on a 1-time purchase basis and Haywood found the seller. By the way the first trade that day at .11cents was me. I bought 6500 shares right at 9:30 A.M through BMO and paid the .11 but I never expected to get caught in the middle of a massive block trade like that one was that morning. I can't recall seeing another one like it before for ANX trading.
The other point is that the market is waiting for an indication that ANX has really and truly "turned the corner" as Dustin expresses it. I mean just look at the miniscule trading which suggests to me that most investors are very content on holding on to their positions. I am a bit puzzled by the lack of buyers but fear still pervades the market and investors are driven in every which way and direction by the news headlines or by rumour or by blogs written by amateurs with a year or two of so-called experience. I think that this recent drop in the price of gold was very well orchestrated because every investor should have realized that Bernanke was not prepared to ease any further just now and that he wasn't going to add any further stimulus to the economic picture. Most people in the business with which I have consulted, also suggest that China is also manipulating the gold market somewhat and that other professional pemex investors were looking for an opportunity to get in cheaper. The consultations that I have had all come up positive for the future recovery in the price of gold. But who really knows? I strongly believe that Dustin is in the business for the long haul and is looking to build a strong and viable company. These people have invested all of their money and their devotion and time to making this Company a success. The entire small cap mining sector has been forgotten and left behind over the last 2 years or so, but if the recent PDAC Convention in Toronto is any indication, the industry is coming close to a full-blown recovery and bull-market within the producing sector. The PDAC was a smashing success and the attendance by investors from around the world was record-breaking. In May, Dustin will receive a tranche from the sale of the Chilean assets and he intends to apply most of the proceeds to reducing debt. If we can maintain a 1600$/oz baseline price for gold at least, then by May, the Company's debt could be less than half. I wish that Dustin had hedged about 30% of production when gold was 1700$-1800$/oz. but anyways, let's hope that the manipulation of the price has ended with the end of this year's first quarter. As I said before, all of the pundits that I have listened to or consulted with are positive on the future price of the metal. What Dustin should be thinking of is to diversify the mining operations of the Company into other metals which are in great demand i.e. copper and silver and even uranium which is making a resurgence in interest again. China's incredible growth rate is currently being manipulated into a "soft-landing" and once the Chinese are content with a 7%-8% growth rate, I think then we will see the price start moving up again. Most large sovereign buyers of gold are not going to sell now and exchange their holdings for paper, regardless of how strong the U.S. dollar has been of late. It will take 2 generations for the Americans to pay-off their debt, if ever, and Canada too, is burden with a burgeoning debt rate. Europe may never overcome its inflation and debt problems. So, all in all, the gold metal has a long way to go before that day comes when paper becomes more attractive to hold and safer, than holding precious metal. We may never see this day, in our lifetimes.