RE:RE:The problem short term!!Dobuldees wrote: What an unexepected turn of event. Seems we are already in hibernation mode. But this can't stay down like this.
The company needs to bring the share price way up if they want to have a decent PP. In the interview with Dusan, he said they would probably need to make a PP of 1 to 1.5M $ for the winter drilling. to get a million bucks, they would need to add close to 7M shares to the float. Plus warrants ? Not good...
all this is killing me. I've put a lot of marbles in this thinking i couldn't go wrong... everything looked to be so perfect. Where is the 20M cap valuation ? We are hostages now... no buyers. Aaaaaaaaargh !!! I want to stay positive and believe it will turn around... those results, if not stellar, are at least decent and tells us "its not the end". There will be more exploration done. But darn, it socks...
DD
Firstly the results were GOOD, better then decent!
However, good results were expected, stellar results hoped for. Many people bought for a quick stellar rise (me included with part of my investment). Market is not giving it, or at least not yet! I have no doubt that the results available now proof that this is commercially viable resource and that the MC will inevitably move to around 20m$.
In these kind of situations there are typically a number of people who overinvested and thus will have to sell at some point in time. Secondly there are disappointed people as the stellar rise did not happen and take their loss and move on. Both these will result in a dropping price which will scare some more people and some, the impatient, will jump schip. Last, but not least, a PP financing is planned. So big buyers are propably waiting to learn at what price it will be and may even be trying to push the price lower if they are interested in participating in the PP.
So the bigger less risk taking buyers are not yet buying in. They wait on the details of the PP and meanwhile absorb the (very few) cheap shares that are being offered buy the overinvested, the disappointed, the scared, and the impatient. Is there any other catalyst that could start the run up!? I do not see any atm, so will just sit tight with my 500k shares. Maybe even buy some more at these crazy low levels! This stock will make me rich!!