possible connection?Considering Canaco's apparent resilience against the BCSC's recent allegations regarding the 2010 alleged insider fiasco (https://finance.yahoo.com/news/canaco-responds-british-columbia-securities-210000429.html), I'm pondering if it is at all possible that last weeks IR estimate was engineered around specific parameters that would have caused the resource to appear significantly lower than everyone was expecting, so as to procur further validation to Canaco management's claim that they could not have likely acted with self-interested investment strategies, ie, "Just look at how our share price reacted to the IR estimate." Was this some kind of unorthodox attempt to invalidate the BCSC's standing allegations before moving forward to new heights? With such a drastic change to the company's market value, would the BCSC still pursue Canaco with such an iron fist? Does sentiment come in to play here at all?
I have been under the impression from my reading this past week that it might not be out of the question for Canaco to update this resource estimate in the near future, putting it more in-line with previous expectations. In light of management's lack of communication on the activity of this past week, I'm feeling confident that they are guarding themselves carefully until this BCSC fiasco is resolved. Anybody familiar with Rubicon Minerals' run-in with the BCSC in 2011 knows how damaging a lingering involvement with the BCSC can be for a junior's SP.
Of course the question is this: would the implications of the above speculation carry it's own consequences with the BCSC, or did Canaco produce a legitimate 43-101 whose technical parameters (and their pending ramifications) were simply not completely understood by those interpreting them? This stock is clearly oversold thanks to panic-selling and stop-loss orders. Time will tell. Please correct me if any of my insights are off-base.
Also, anybody who missed it, another poster provided the following link last week: https://reminiscencesofastockblogger.com/category/canaco-resources-can/I believe this analysis to be useful in gaining additional insights to Canaco's possible resource.
Cheers,
Specul8er