RE:Can anybody tell meLiteOn1981 wrote: why the shareprice is flat all the time, no matter what is in the news.
I really dont get it, makes no sense at all. The last few months should have moved this stock closer to 2$ with all the development.
It's really quit simple Lite, After years of mis-managment, including PP, after PP, inconsistant mining for a profit, not to mention all the unknowns it's going to take some time before the market warms to this company. Now, new management has taken some steps in the right direction however there are still many unanswered questions. How much gold is left at bachelor lake, Barry has been pushed back, I could go on and on, but that has all been brought up on this board and the superbulls just call it bashing. When it fact it's plain reality. There are a lot of gold companies out there both good and bad vying for investor $$$. You figure out which one it was with previous management. If you think just because new management comes in and does a couple thing right, investors are going to swarm back, well it's going to take some time and doing more things right. Plus there are still a lot of unknowns. Remember this is a small operation which has struggled over the years. A year ago they had 650,000,000 shares and were trading 40,000 a day on average. Nobody was watching this company.
Now if new managemnt continues to product things will come around but it's going to take some time. It frustrating as a shareholder, I get it, been there. Lets use barry as an example to show you what I mean. We're almost 2 years since old managemnt first mentiond looking into mining Barry. At that time it was fully permitted and basically ready to mine. 4 months later some permits were allowed to expire. The hype continued and some drilling was done and a PEA was completed adding some ounce to the deposit, Durng this time frame Barry has been pushed back twice. Now more drilling is underway to add more ounces and there finding more of the same decent grades with narrow intercepts. To top this off MTO walked away from Barry once to chase the higher grade ore at bachelor lake which operated for a loss during the time since it re-opened. Thats just Barry. Shall we go into the Moroy hype story that also happened at h same time th looking into opening Barry started. Now it may just be me (but I don't think it is judging by the share price) but why should anyone knowing the past sink hard earned dollars into this company now without any mining at Barry to see if they can actually do it at a profit? and Yes Sprott owned this company during that time frame.
So as usual the next thing you will see is the superbulls posts calling me a basher (not to mention bobs newest utube video). Because that's what they do to people who offer anything other then a ultra positive outlook on everything the company does.