RE:RE:RE:Negative reaction vs interesting resultsThis stock has been in a downtrend ever since it spiked to $3.27 at the end of June. At that time participants on this site had predicted a 10 million oz gold deposit and a stock price of $50 per share. On July 27th the second set of drill results were finally released, were below expectations and the share price slumped. By mid-August, the short term moving avarage fell below the long term moving average (the death cross). Although there was continued optimism, the news release on September 15 caused a sharp selloff on high volume. Both the long and short term moving averages have continued to decline and the November 30th release marks the end of the 2020 exploration news on Elmer. The Pikwa drill results may offer some future encoragement for the company. In the meantime, the stock price will probably bottom after a period of tax loss selling and no news.