Johnny MacP. to blame ? Red Light ?
Possible Reasons for slaughter:
1: Johnny MacP NEVER should have sold prior to the Valcourt approval imo. This action of his planted seeds of doubt in folk's minds. Then when the permit came SP barely budged and stopped where he sold it at in late August. In this market investors ( gamblers ) get paranoid. If the old Tart had waited until after approval it may have run to 75 cents. He could have even gotten more. Awful timing John P., even by AT's own admission! That big block sitting for sale at 70 for days on end also gave me and others pause and cause for concern, it was like 200,000 shares there. Why? John MacP on the offer?
Some shoot first, ask questions later.
2: Sprott Funds may have had more liquidations in his funds with the silver and gold dropping right back down today.. a lot of disillusionment by fund holders. So he dumper CZN as well, especially since the 10 year bride in waiting didn't put out. Up $50 one day down almost as much the next. That moron with the US Fed. Ballard opened his fat mouth. US Congress problems have many scared, can't blame them. US dollar needs to be abandoned as a de-facto World currency.. process has started.
3: JK should have never appeared on BNN withat dolt flunky retard and his red light, CZN should have then recant the error. A 3rd grader could have done better.
4: Maybe J MacP decided to unload all his remaining shares since water approval did nothing.
5: If there were buyers the selling would have been absorbed. Maybe there is something we are not being told.
6: Wells Fargo Bank put out a statement about 1 hour before close that to expect a 20% drop in markets this fall. When they raid the whore house they take the piano player as well ( Poor CZN )
And Jim Rogers chimes in that gold will drop to under $1000, another Einstein. (not)
7: Ghosts of the Hunt Bros? back for revenge?
How tragic many of us waited 5-10 years for the CL A water, and assumed price would soar, and biy we got fooled. This is just all too pathetic. These markets are not for any sane person, or anyone who wants to remain so.
I know less now that I ever did, and put up the white flag.
My grandmother once said, "We all live in hope, and die in despair."
It has happened here.
GLTA, the sun will still rise, and lets all hope we keep our health and sanity after this. I am not waiting beyond another two years though. May have to divorce CZN like a bad wife and move on.
They could have sold this for $1.63 in summer 2008, ( firm offer ) and management turned it down, then the financial bust, and now silver/gold dropping like all the lead in the mine.
Gad, never saw this coming. Will have to get the xanax refilled, or buy a new bottle of Scotch.
Just shell-shocked and will believe nothing anymore except what the price of any stock says it is worth at that moment and trend lines.
Dark Moon