Still Looking PositiveThere has been some selling since the announcement of the PP but it has been very limited. Probably from small investors concerned that the price was set at 5 cents. More may have been concerned that insiders might sell existing positions to fund purchases in the PP but if that were the case I think we would have seen evidence of it by now.
To me it looks like all Management and Insiders are putting new money into this PP which if that is in fact what is happeneing is yet again another huge endorsement.
It should not be much longer and we will hear that the PP is fully subscribed and then a drill program will be announced to begin as soon as possible.
Once the drills start turning....
Chip