Some upcoming expectations....This has been pretty much dead in the water after that "promissing" jump in prices a few weeks ago. It's now been established that both the rise and ensuing fall back down was all the work of insiders manipulating/dumping the stock, without any real progress to account for. With Gold & Silver prices being hammered recently, i'll just give you my perspective on some possible internal cataylsts for the company in the next few months.
As drilling & exploration programs are currently being executed on several properties as we speak, i'm expecting some "initial" results for all of them in the next few weeks. The most promissing being the Phase I drilling on El Mezquite. Now, i've made my opinions known here on what i think about this property and it's potential, but with Pino being out of commission this property in the next best asset they have to exploit. It's definitely NO PINO but this is the best we have for now. ANY decent results coming out of there in the next week or so should provide some fuel for the stock and depending on the extent of the grading, could possibly, maybe finally shoot this above 0.10 and keep it there.
The next cataylst is a possible financing, which imo is inevitable. Due to many years of financial mismanagment & extremely bad decisions, they need money badly to continue this process of exploration. Whether this upcoming financing is beneficial or not for s/h and if dilution will be kept to a minimum will depend on what type of deal this mgmt team is able to hammer out. On this front, my expecations are quite subdued due to the low competency of mgmt, so i don't expect much if anything too accretive for holders. By my experience i'd say they probably do an PP around 0.06-0.07, which is EXTREMELY dilutive but i see no other option. Again, due to prior mismanagment and them having absolutely NO leverage with lenders.Any financing above 0.10 should be considered a big WIN by s/h and i would defintely give them credit if they are able to do so. But i'm not betting the family farm they do.
The final catalyst or the big Kahuna, is Pino De Plata. This imo is the low hanging fruit or the simplest one to do for the company. A simple quick update for s/h, if postive, on the current situation with Pino will do wonders not only for their spirits but for the share price as well. Going well past 5 years since the property was acquired, it been nothing but problems and constant delays due to bad handling on the part of mgmt. Can they salvage this asset in the end? Don't know, but i HOPE they can. Unfortunately, recent decisions by mgmt to acquire less desirable & inferior assets and to shift company resources & drilling programs there instead of Pino, says a lot. Even with this, i will not write this off UNTIL mgmt publically states this is competely done. And i think they owe that to s/h if this is truly the case there. It's the least they can do, especially for s/h who have been holding & hoping for many years without resolution. Luckily for me, i wasn't one of them 8)!
With all the horrible mismanagment and its terrible past, inclunding the infinite revolving door of assets & mgmt this company has had in the last tewo decades, let's see if this team can finally put a stop to the losing streak and put a point on a the score board. I'm one who's always willing to give someone a chance, regardless of any predispositions i may have, if they are able to SHOW ME some positive transparent progression........no matter if it's big or small.
Good luck & God speed