RE:RE:RE:RE:weirdly quiet on here for everything happeningyes, it's not nice when a chairman sold 50% of his stack in last 2 months and that with an argumentation he did it to "shore up liquidity as matter of prudence"
It would be very easy it were true.
firstly i don't believe a word of what he said. There are a lot of proofs for his lying& manipulations/bullshits.
secondly, he sold most his shares to TD Sec. and Pershing Ses. Both are either insiders or Lee's arm-lenghts or even his inofficial broker accounts. That explains why by selling of this huge ammount ( more then 7mio shares) the price didn't go into "nirvana".
I'd have two explanations for his sellings:
pessimistic:
everything in Bolivia is bad, no political certainty, Morales' canadidate has more than 30% in last polls, Sprott & Co sold all his shares, no visible investors for next financing ( only 1 mio cash currently) etc.
optimistic ( my hope):
Mid Q2 Notice of Intent for EIS is expected for Gibelliny project.
Shortly after it makes sence to spin off the vanadium project ( Nevada Vanadium) and to fund it on the subsidiary level. Between incorporation and financing the new company needs liquidity both in cash and in trading. That is why Lee sells his shares, imho.
Only when vanadium project is spinned off it makes sence to push silver project and attract investors that want invest just into silver story ( maybe Spott&Co will be back).
Till political certainty in Bolivia ( second round of elections in June) i don't expect any moves ( events) at silver project . (catalysts are resourcen update, new drill results)
P:S: sorry for my english if my post is not clear enough.
i did my best