GREY:ALXDF - Post by User
Comment by
BASTILLEDAY4Uon Jun 01, 2017 8:14pm
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Post# 26314269
RE:RE:RE:RE:Update/Dr.Owens
RE:RE:RE:RE:Update/Dr.Owensggrellette wrote:
"As for the low SP even Dr. Owens is confused if not baffled on why it is not higher."
The O/S share count is way beyond what a jr. exploration company can handle. This means drill results have to be spectacular or out of this world to move the needle substantially. However I suspect many here have almost exhuasted their patience. Three news reports I beleive have been released on drill reults which did not move the needle substantially although were very decent in my opinion.
As I have stated I sold out at 8 cents to buy an up and coming gold producer in Hounduras. Actuually they have been producing for awhile now.
Good Luck
These are certainly bad times in the gold mining sector. Companies may be "cashed up" but it's at the expense of shareholders. There are very few profits, shareholders put up the money and the bankers take the gold. And spot price is always just enough to keep the lights on.