Something positive will come soon!If you look at all the facts and new releases and completed financings evereythign looks awful, but that is just on the tip of the iceberg. No CEO, no money, equipment repair costs were much more than expected, Ausag dividends fell through and we got no money from Metals 479 as they failed to list on ASX, Young was fired and we are stuck with Gibson, no news releases and no IR team, poor numbers all of 2018, and so on...
For every reason that we the company failed, there is an explanation; Sprott would not invest another 3 million dollars worth at 9 cents end of March if he knew this company was going down; he has his own team to do all the due dilligence and has Gibson on site all the time. Could this of been strategic where he invests and then the comapny goes down and they delist or go private andf then they do not look guilty as they invested so much of their own cash? Maybe, but unlikely!
Remember Sprott invested million into the IPO of Metals 479 and it failed.
Don't forget that he used Sprott lending for 5.5 million end of December to buy the property; it was assedssed as worth 9 milliomn back then. He is earning a percentage, but could have invested that cash in an other proeprty/compamy to earn higher.
Sportt and co. probably want to do another cheap 5 cent finanincg or consolidate 4 to 1 or 5 to 1 and then exercise warrants at 12 cents; that way his shares at 20 cents, 17.5 cents and 9 cents have a lower average, acquiring a bunch of cheap shares.
So why the poor numbers? Well, most of January and parts of February had storms and no mining/drilling going on; then came equipment repair, followed by the release of several workers and minimal work being done on site at Dufferin. 4.1 g/t , epsecially with poor equipment is pretty good and would be higher if certain workers were not present.
Word travels quick in Nova Scotia and apparently there is talk of RCG looking at new properties, hiring workers for Tangier and leasing mill to Anaconda; I assume if they lease mill, its the end of starting any production at Dufferin and they will just start some exploration programs?
I could keep ranting, but hearing what I have the last few weeks, I believe that we are due for a surge soon and will be rewarded. I think this was price was manipulated downards on purpose and continuously hammered down. When they are ready, they will come out with lots of good news and there will be much less unloyal shareholders in the way to keep the price down or sell out.