RE:insider sellingThanks for posting, add my condolences on Mr. Bernard’s death.
I realize paper losses distress a lot of people, nobody likes losing money, we are all after profits and there are lots of competing listings.
As Lawrence has correctly pointed out over the Winter the comparative drilling between Afton’s property and MTB is ... no comparison. My own view is my trade remains open and while down sharply on paper, there is cash in treasury and the geologists still have a working hypothesis and have only scratched the surface of a large land package. The program was small and the results add more information in planning ahead. So I haven’t realized any loss, yet, my trade remains open. Averaging down and perhaps extending my position ... jury is out.
Its a risky business. I for one had not changed my position based on any expressions of confidence on appearance of the cores. They still proved up some sulphides, they confirm mineralizing events in the geological timeline and structure that in part explain the high grade formerly mined. Seems to me the thesis of a large deeper system related to the high grade silver near surface remains alive. I’ll wait to hear what your team has to say.
The numbers of exploration companies that had seasons of difficulty before strikes on economic deposits are legion. It’s high risk, high reward. No tears here. New proposition in valuing the company going forward now.
As others have said, even though the amount is not large, suspicious trading activity prior to news is concerning. Perhaps more to the labs or somebody who had access to the assays prior to publication. But the sell-off followed on the news in much greater volume and was obviously inevitable.
Look forward to learning what comes next for the company. Down but far from out, so far.
cg