RE:lesson to be learned here......Here at $0.22 we're at about a 50% retracement of the run from $0.05 to $0.40 and should begin to find some stronger support around these prices from the buyers who were buying in the high $0.30s. Some 7,446,900 shares have been bought above $0.20 since 8/29/13, the most concentrated volume this stock has seen since 2010.
Admittedly, the technical indicators don't look very good here on this consolidation, the Acum/Dist and CMF indicators are pretty negative now; but this stock is coming out of a long and uneventful past several years and there's been a lot of shareholders holding what they might consider dead money here for years when there was little demand for this stock, so there's apparently some still looking to get out while the getting is good.
Those of us buying aren't looking back, but looking forward. In hindsight, I bought my shares for more than I needed to, but I felt they were a value after looking at the Channel sample results from the Eastern Reef and 007 and I'm confident that more gold will be found in the shallow Mississagi formation conglomerates to justify much higher share prices.