RE:RE:ESM cash burn I can only assume that someone who has been here for years defending stan and fm nonstop and going out of there way to destroy any constructive conversation has to be on the pay role. Hey maybe that is why we don’t have a media relations person.
The fact is other than normal stock market action (ESM isn’t special ie targeted for manipulation by some mysterious evil group) the only manipulation that has occurred here is 1 private placements being made, 2 many of those placements being bought by FM subsidiaries (this has been discussed) then when good news comes up and there is some upward momentum those subsidiaries dumping and making a nice return.
So for the stan fan boys the reason this share is so low.
1. Repeated dilution.
2. Dilution being done below ask price ie we all remember the private placements being done at 10 cents below the ask as soon as ESM starts to run which wow drove the price down.
3. When we get momentum from news and it isn’t destroyed by a private placement FM holding companies unload for a nice return.
And that folks is why we are trading well below other companies that have far less in the ground than we do.
Oh and why am I here because I held under when this was CPN when we had a chance. Before ESM dumped a gold mine that was producing…. a project that got sold off that is actually doing really well these days.
Ps I expect another private placment in the next 3 months.
PPS wernt we supposed to get some great news now that tax loss selling is over you know the same thing the pumpers have said for the last 4 years.
procuda wrote: The constant manipulation of the sp lower has cost us dearly on having to pay more for the private placements and of course the dilution of shares. Like I said cash burn is a concern but if our sp was not so ridiculously manipulated down dilution would also not be as high as it know stands.