RE:RE:Paradigmalpha74 wrote:
2) There is pure market manipulation at the moment.
Many orders do not even come to the TSXV but are processed via some junk exchanges. It may be that someone wants to get in cheaply, as you write. However, someone can also deliberately depress the price to make the PP more difficult. In an unregulated market, this is possible. I can imagine competitors who suddenly see Tudor as a very serious threat...
One thing nobody can take away from us honest Tudor shareholders...the massive gold that is stored in the rocks on Treaty Creek !
I can see a scenario where undermining the PP might be a strategy to force Tudor into the arms of a larger miner as a JV partner at a lowball price to get drilling funds. I tend to look at KSM and Treaty Creek as similar situations. As a result I can see the Seabridge stock price action in the same way - someone wants the JV deal at $17 instead of $32. OK, but I don't think it's likely that either management team will go for it. This will simply extend the time frame for completely drilling off TC, which I felt would be several years anyway given the large number of deposits yet to be explored.