RE:RE:SGNL at 0,35$ ???? nozzpack:
The problem here is lack of liquidity .
Over the past 6 months, volumes remain modest usually of the order of 200,000 shares or so.
If you want to buy large quantities , it's difficult to do so without moving the bid behind your considered risk averse entry point.
Likewise, you cannot liquidate signifucant orders without sinking the share price.
Well, we are undervalued, you recognize it yourself, so if new people wants to have a big share of the company, I say they must pay the price. I'm pretty sure you will have liquidity in the 60 to 80 cents range, where we should be right now. The float is tightly held by some longs here that bought from 19 cents up to 90 cents (I'm one of those).
As for you reference to management holding few shares, the previous management had plenty of shares and I do not think they were better than the current one. Kevin and Rob were not founders of the company so they are just starting to cumulate shares and they got options not so long ago and before they got them, they were buying shares on the market using their salary, alongside us long shareholders, so I prefer that than having board members with free options doing nothing or, even worse, selling on the market as Jonathan Fitzgerald did.
I do agree with you though that promotion is not their best shot. However, I think they are making amendments and are preparing for a better marketing program. IMO, stoping Point-Rousse operations is part of the strategy and it's not the first time Kevin and Rob take big decisions like this one since they are onboard. They did quite a cleanup already and now I think they will bring this company to the next level as they did with others in the past:
Mr. Bullock is a registered Professional Mining Engineer in the province of Ontario. Mr. Bullock was Volta Resources Inc.’s President and CEO and was the founding President and CEO of Goldcrest (a Volta predecessor company) since its inception in 2002. Mr. Bullock was instrumental in the growth of Volta from a shell company through to the ultimate sale of the company to B2Gold at the end of 2013. Mr. Bullock has over 30 years of experience, at senior levels, in mining exploration, mine development, mine operations and capital markets. Throughout his career, Mr. Bullock has been involved in projects from inception through exploration to development and production. Mr. Bullock was most recently the CEO of Mako Mining Corp. and is currently a director of B2Gold. Mr. Bullock has also worked for Kirkland Lake Gold and Iamgold Corporation.
Mr. Dufour brings an extensive background in the mining sector with a depth of experience in capital markets and finance, including debt structuring, royalty arrangements and corporate transactions, as well as strong experience with financial management and reporting, corporate governance and risk management. Most recently Mr. Dufour was Chief Financial Officer of Newmarket Gold, a TSX-listed mid-tier Australian gold producer which produced over 220,000 ounces of gold annually. Mr. Dufour was part of the team that executed the transformational merger between Newmarket Gold and Kirkland Lake Gold, creating a new 500,000+ ounce gold producer in 2017. Prior to his appointment as Chief Financial Officer at Newmarket Gold in 2015, Mr. Dufour was Chief Financial Officer of Crocodile Gold. In 2015, Mr. Dufour also led the merger between Newmarket Gold and Crocodile Gold. Mr. Dufour joined Crocodile Gold in June 2012 as Director of Finance, and was appointed Chief Financial Officer in April 2013. Mr. Dufour previously worked with Northgate Minerals Corporation as Corporate Controller, and subsequently was promoted to Group Financial Controller for Northgate’s Australian subsidiaries, until its acquisition by AuRico Gold.