RE:RE:Wondering why the huge price drop yesterday?What I find rather suspicious is that the PP was closed at the now high price of $1.80, without warrants (!!) and then just the day after, JML knowingly releases less than the stellar results than the "traders" were expecting for ELM 1. They're not bad by any stretch, but they definitely didn't have the long broad intercepts of the now famous first 7 holes or the follow up July 27 holes. But they did impressively show expansion of the ELM by 50% in length and 25% in depth.
And why was there was no mention of the 10 or so holes that were done on ELM 2,4,5 on yesterday’s Beaver Creek call..., I find this odd… It seems almost intentional that he didn’t comment on them, and that weakness was intended immediately after the signing of the $6 million. This is the only logical conclusion i can come up with, and that AZM is intentionally making room for Garofalo's fund to accumulate the week hands, because clearly Garfalo believed in the short- midterm prospects of AZM at Patwon/Elmer to invest WITHOUT warrants!!!
So I'll go out on a limb here and speculate that these next holes will show a hit or two of long broad mineralization/gold values on either ELM 2, 4 or 5, as they originally found on ELM 1, and this will demonstrate without a doubt… that ELMER remains very prospective across the 35km fault that they control, and that it's still game-on for this system to potentially host 5-10 million ounces, and not just 1-2 million as the market is suggesting.
GLTA!