RE: RE: GOTTA BE SELLING AT A LOSS banx - i've been thinking the same thing -- sellers now are taking losses without a doubt. From this we can surmise that we are witnessing capitulation selling...these are not margin calls (no margin to be had at these prices) -- these are people who can't take the heat any longer for whatever reason...most likely they are scared watching their wealth disappear each day. My sense is that the pendulum always swings too far -- it swung too far at $2.30 on the upside and it has swung too far at
.60 now on the down.
As for the land claim mentioned in an earlier post -- i agree, it is critical they get it as it will be a necessary component for any of the majors if they want to buy. All indications i have gotten from the company is that they are working diligently at securing this claim -- mgmt clearly understands the importance here and are working on it. As you all are aware -- it is a bad tactic to discuss these sorts of matters in the public while negotiating - that is why i think we have heard little about it (just my speculation of course).
As for finding new intrusives, higher grades, more resource --- yes, yes, yes....we need all of that and thankfully we have the cash and a great technical team that has delivered in the past and will be able to do so going forward.
Finally -- i couldnt agree more with banx...mgmt needs to step up and communicate more, even if it is general developments (how many drills are going, how many holes per month have they done, depth, etc etc) -- the more info the market has the better it is able to properly judge the project and mgmt.
best to all - north