RE:RE:RE:RE:HopefullyTad wrote: Wonwarrior,
I add that 36 - 40 million shares have traded since August 9th - above .30 and this represents about 1/3 of all outstanding stock . . . there really is not that much out there that could trade for .25 or less where the seller would be making much money. Many folks are under water - only the desparate of these will bail with 27 holes or more still to come . . . buckle up, stiffen your lip and hang on for a NR or two before you decide to bail and take a loss
I believe you missed a "1" .... as in 100 million
Since August 9 the total shares traded has been 136,987,852 as of 1:00pm today, more than the total issued and oustanding shares, and I believe close to the fully diluted total. The vast majority of those shares (in excess of 100 million) traded were at prices in the mid to upper $0.30's and into the $0.40s.
A great example of distribution of cheap paper . Hopefully the warrant holders exercised most of the warrants, adding additional funds to treasury.
Yes folks and do not forget the typical game is buy all the shares to run the price up, then establish short positions, then walk the share price back down to near nothing. This is exactly what will happen unless ABN can find higher grades at wider intervals and also demonstrate continuity and understanding of the geology. Unless gold spikes and stays above 1300.