RE:Lentille aurifère épaisseur d'une feuille de papier....!OK Investmine21,
we all see the market response to Vanstar drill results. No comment.
I just want to remind you that Grondin is not only well marketing LOT in this difficult environment,
but on top he delivered a deal with a major without any resource calculation report
on Monster Lake. Did you ever seen this before ?
I have been around for more than 25 years and I dont recall such a thing.
Stellar is selling (and Giroux probably) because they need the cash
otherwise they face the end of their corporate venture.
Stellar just released their annual financial statements on Nov 28th.
Those financials include their last private placement in a gross amount of $79,600
raised mid July.
They have current assets of $192,000 and payables of $535,620 as of July 31st 2013.
That 's 4 month's ago folks.
Their only liquid asset on their hands are Tomagold shares.
So guess what ?, they are selling. Not by choice but by necessity.
30 Day Average Volume stands at 243,614 for LOT.
The liquidity is quite good considering the poor market conditions for junior resources
stocks. But it means there are buyers out there. Slowly but surely sucking Stellar's stake.
In my opinion, Stellar is providing us all with a great opportunity to buy.