RE:crazyI concur with your sentiment dangold. However, this apparently reckless kind of move does represent opportunity for someone else to buy. After all, I did recently acquire a lot of similarly priced, very cheap shares.
However, it betrays those of us, who were hoping to help raise the share price, by buying in at the 3 or 3.5 cent level.
Hopefully someone will step up to the plate before this individual or group decides to keep lowering the ask.
That kind of move only leads to a lower bid which we already have seen!
The market for this company's shares is based upon Rockcliff's ability to monetize the considerable assets that they have already found. But to date, they have been unsuccessful at selling anything at all!
They do have a joint venture project with Hudbay which that company seems to have no present interest in pursuing.
For Rockcliff, the present plan appears to be, to increase the size of their asset base in their effort to become a more successful explorer. Will this work? We will have to wait and see!
They keep on trying. But not every shareholder remains on board or is patient enough to wait. We live in difficult times with inflationary pressures, now bearing down on everyone.
Hopefully, the company will make some major discoveries in the near future to garner some more favourable attention from the market.
And the talk of a potential roll back in the price didn't help the share price either. This move also smells of desperation which the market also doesn't like!
Management needs to be held to account for that move. But perhaps they didn't have any other choice. Certainly it's in no shareholders interest for the company to face a potential bankruptcy or insolvency issue.
Ken Lapierre stated categorically to me in an e-mail that the roll back was not immediately under any serious consideration. I expect that a potential share price roll back merely represents an insurance policy for the company, if such a move is deemed necessary in the future. We may someday be facing an even more difficult financing situation than we already have.
Talk of a recession is in the air as interest rates have been trending higher. Even though most people still have jobs, the fear of losing them does make many, more cautious and circumspect about their future and about how they might choose to invest, their hard earned dollars.
We should try to remain positive for now.
Things can always change for the better!
All the best! Java