Analyzethat...constructive thoughts..also PP announced todayObviously as you suggest someone had a large position to unload. Hopefully whoever anonymous might be and for whatever reasons they are selling , I believe this is a temporary decline and anyone picking shares up at these prices will be happy in the days ahead..
I deont think Management anticipated this selling as recent private placements have been at 5 cents and there was a very positive reaction to Wednesdays news so much so that an 8.5 flow thru private placement at 8.5 cents has been set up for $500k .
To me this Company has lots going for it and I believe an 8.5 cent Financing would not be arranged unless Management was confident it would be subscribed to. Remember when the shares were trading at 3-3.5 cents and a 5 cent financing was arranged at 5 cents and this was completed so there is every reason to believe the same will happen with the 8.5 cent financing announced today.
Yes it is disappointing to see a 4.5 cent close but I am sure Management is not unduly concerned and will fulfill the 8.5 cent financing ........so no need to panic here as a week from now we may see a big change in the share price. JIMHO GLTA an