Euro Sun Mining Inc T.ESM

stock action

[jesse18]

 

Well I was wrong!! no jump after the issue closed on Friday and as a matter of fact the trading pattern on ESM is down right horrible. I can't understand how Sprott and BMO can take a 20% hit. We don't know where that stock was placed but a 3 day haircut of millions of dollars just doesn't add up.

Also and previously noted, the way this companies management is structured it doesn't appear a higher share price in the short term is of any benefit to them. They have no skin in the game, they can raise money at will when they are only getting $3 dollars an oz in the ground. They set themselves up for cheap options longer term and by accomplishing very little they secure their jobs for a  longer term enabling them to rack up management fees. A very lucrative and interesting business strategy/model but not in the least beneficial to individual shareholders.