RE:RE:RE:bid / ask battle who wins today ?lushlife wrote: That badly timed PP really sucked the wind out of this stocks sails. Probably would have been near .20 cents right now. Seems like greed has a way of trumping common sense more often than not on the venture. Too bad, I was a big booster of this stock before the PP. Maybe I'm wrong but why trust any of these companies too much? Usually just leads to an empty wallet and bitterness. Nevertheless it will be interesting to see where the s.p. goes after the drill results are announced. I'm sure they'll be excellent. Jmho
Venture is full of either shitty company with no economical value in their deposit sucking investors money with 1 cent shares PP to keep the joke running in hope for a miracle discovery... or bad management that destroys value (MBAC per exemple... not even a venture stock...). Some others have track record management and incredible resources and have to deal with a market place that has had its reputation destroyed by the two above type of behaviors. This SP didn't move after May 26th... which proves the market is disconnected to value. PP could have been done maybe higher... but if drill results come only in october because the labs are overwhelmed... then maybe you have to ask for money to continue the programme when someone offered above market price PP(at the time the offer was made.. it was the case) a month earlier. Management has decided that good money right now... and exploration programmed funded to PEA... now... is better that waiting for SP to improve... and then miss the target dates of the exploration and PEA. Rather have a management that sacrifices few thousands dollar to secure multi million dollar if resource estimation before releasing PEA and get Big bucks financing... that a management that gambles pennies in a market place that we know we can't trust. Management knows better and doesn't gamble. They rather have clueless people leavr the boat and have real investor join in at lower risk for everyone... and there is so much money in the working... that this PP... from current level... should leave people rather neutral than scared. When one doesn't understands others decisions... sometimes they should rather question their own jugement that the one from people with all the facts and experience. But questionning... should always be done in a manner to give room for answers... not to fraudulusly induce false impressions and bad intentions!