RE:RE:RE:RE:RE:10 sq/km Gold-in-Soil Anomaly 5 km Southeast of Its Tiger Go Willie,
For the record I originally rode ATC from about 80 cents up to $10. Unfortunately I only sold 3000 shares at the top and ended up selling everything else around $4. Although I left a lot of money sitting on the table I personally still did very well on ATC given my average was about $1.50 a share. At the time however I forgot my wife had 7000 shares in her RRSP so that's one of the reason's why I still watch this board. The other reason is I have a hardrock geology educational background. Although I only worked in the field for a couple of years in the early 80's before moving on to sales/business endeavours I do understand the huge unrealized potential with Rackla.
You say they expanded the resource. I'd like to point out to you that besides the Tiger deposit there is no resource from a 43-101 perspective and that's part of the problem. Furthermore, the hard reality is, if ATC keeps moving at the pace they have been we're never going to get one.
Sorry but I stand my ground. ATC management has been far too conservative with Shareholders money over the last few years. You don't go into survival mode when you have the amount of cash these guys have and that's exactly what they've done, and in the process they've condemned shareholders to a long term purgatory of sorts.
I'm not advocating a $10MM per year exploration budget in this undeniably brutal market environment but based on the cash in the kitty they should be allocating a lot more to annual exploration then they have. $4MM - $5MM per year would be more reasonable. ATC can still raise money if they need to. This is admittedly speculation but maybe if they started to show the real potential by doing more drilling we'd be trading at $1 instead of 45 - 50 cents. I'd personally take 10 million shares of dilution at $1, raise another $10MM, and keep things moving forward at a better pace then what we currently have.
You don't see KAM sitting on their hands like these guys have been.