RE:RE:RE:Weak tradingI’ve been torn on this question myself. If I remember correctly the last corporate presentation stated 45% of shares are held by management and other funds which likely aren’t being traded.
To some extent the market could be playing this cautiously, not because results aren’t coming in within 2 weeks (I’ve been playing the venture for the last 10 years and typically only see that turnaround on rushed orders). I think the market is playing this cautiously as REX has a ~$55M market cap, I’m not sure what the expectations are for the Coneto deposit (I’m not expecting too much from the upcoming resource estimate) which is why the SP likely traded around .15 prior to the Escobar results. Since these results starting coming out of Escobar the SP has jumped ~.30 which to looks like it has a $40M value for what will likely be a 65% stake in this resource which indicate 55-60M Oz at $1.1/oz which is close to what was mentioned on here the other day.