RE:RE:with ES buying so many shares last weekTRiley wrote: Personally I have seen too many directors/backers buying on significant falls to pay any attention to ES buying.
While ES is no ordinary investor and he does have direct line to QH - I doubt he knows significant information not unknown to the common investor otherwise it is insider trading which has consequences if proven.
I have no doubt the coming results would be good however I doubt market would be willing to pay up for them - there is no sign of any income coming for good 2 years and market makers have too many better opportunities in the mean time to make quick returns from. Simple as that.
to support 900 mil valuation they need to do a lot more and it would take time - 2 yrs to trial mining is a long time for keeping that valuation. Add on that there is still confusion over how this resource would be defined etc, and we have all the making of a significant correction.
I'm bullish on the prospect but not blind to how the market behaves. Neither bullish or bearish - just a banged up realist...
Do do you think it’s realistic for investors in gold exploration companies to expect income within a couple years? This isn’t Newmont, yet