RE:RE:RE:Before Or After the RecessionI dont disagree with that, and I am not suggesting massive amounts of panic selling is going to ensue as a result of a market meltdown. There is sometimes a perception that the wealthy are immune to economic turbulence and I was using Nick as an example of how that is not neccesarily true.
Last September when Laurion issued warrants at over $1.00 many people here were implying it was a "sweetheart" deal being given to friends. The options are likely to expire unclaimed unless something major happens. If they do expire worthless I would assume some of those friends would like off of the Valentine card list.
Ultimately the major positives I see are in the Greenstone area as a whole. The Greenstone mine is a big deal and has been in the works for a long, long time. I was just looking at a presentation from Premiere Gold from 2014 on the project. It was called Hadrock then and at the time they were planning production in 2018....
But I take your point and as you said, even a relatively small sale (100k) could significantly drop the stock price. In addition that would trigger stop losses and that can be hard to turn around, especially in a bad market. That is why I suggested that I think there would be more impact to the stock price than to a timeline of acquisition. And if you are lucky enough to be in a position to be a buyer at that time, congradulations. I don't think that will be the case for everyone.
"Resolve" to ride it out and "ability" to do the same are different things.
I am cautiously optimistic with a two to three year timeline and expecting volatitily in the meantime. If that means I leave some gains on the table because aan acquisition happens before then, great!.Otherwise I have the comfort of a strategy that works for me to be able to ride it out.
To your comment about significant shareholders having more information, I offer two things 1) Nick's buying and selling and 2) that would be unethical and I don't think that is Cynthia's Laurion.
To your hope for a payoff for all the patience endured. Cheers.