RE:patiencemadagascar123 wrote:
If you cannot wait ,2 or 3 months where up to a ten bagger is possible -sell your stocks go to the Casino -you get instant results-we get results every two weeks and they have all been very positive
Those biweekly results have been consistently impressive but apparently not sufficient to keep the share price from deteriorating.
Management set up the bulk sample results as impending big news - millions of $'s about to come into the treasury and then.. nothing. "A few weeks" becomes a few months - maybe. If news is stalled shareholders get suspicious and some sell out. The bulk material was sent to the mill a long time ago. They have results but are sitting on them, waiting for shareholders to sell the stock down.
So why would Sprott (the real boss here) want the share price down? One possibility is so that he can negotiate a deal with William Day Construction and pick up their 54 million shares for 14 cents - double what they paid.
1) Sprott owns 57 million shares but he wants total control and 2) there's no way Sprott is going to run the stock never knowing when William Day is going to dump their huge holdings or whether or not they're going to fcuk any buyout Sprott arranges.