RE: RE: RE: What exactly is going on...balot I think your right in an indirect way...the market has in all likelyhood simply lost confidence in ELR and more broadly in platinum itself. Even with the 66M law suit ELR has enough cash on hand + book value to be easily trading in the 0.50-0.70 range.
In all likelyhood after the financials next week we should move back up to 0.50, and then the share price will fluctuate around a +/- 0.05 range until Q2 when production which is supposed to increase over last Q2. This company is clearly in a free-fall looking at the chart, but given it's cash on hand and book value I would confidently say that anything under 0.50/share is trading at a discount. All management needs to do is send a signal to the market
Guess we'll have to wait until next Monday to find out though...