RE:RE:RE:RE:RE:RE:RE:No choice
barrywhit wrote: Epic, this drop in share price from 43c to 20c is not a few Private Investors selling that has caused this drop, we have had constant selling for the last 12months and apart from Akiba and Wexford buying we have had NO demand for MKO shares to take up any overhang. Now we have a weak Gold price which doesn't help and if i remenber correctly we have a loan note from Sailfish with a repayment of 205oz of gold a month within a price range of a low of $1750 and a high of $2000oz.. Lets hope the Gold price rebounds above $1750oz...
sure it would be nice if the gold price goes back above 1750 but the additional cost of gold loan is hardly material.
Have we really had a lot of selling? If you add up all of the volume over the past 12 months, what percentage of the float is it? How does that compare to members of the GDXJ?
If we had some traders in our shares, our shares would be a lot higher just from the inventory they would need to keep.