RE:Why?
Ed hung out a lot of paper in the past few years and the selling the past few weeks has been relentless. Definitely some punters looking to jump off the Ed train.
On the other hand, the initial core and the cash raise look like they believe they have something here.
Interesting bringing Frank in, they must be old pals. There is a guy trying to give life support to Stewart for years, he had a round with Ed at Mountain Boy that was a bust. Now if this really is a good shot at a mine outside of town he wants back in and on for the upside they see coming? Or Ed needs some local help with logistics and there is a guy who knows everybody in Stewart. And Frank might have his eye on some expensive antique toasters and needs the money they think is coming.
I'll let my bets ride here, some averaging down since being burned by the bust on Dino's optioned property and the rollback, we'll see. Drill enough holes and maybe eventually you really do hit something. But credibility is badly bruised for sure. We'll have to see it to believe it.
I agree with you on the market cap at this stage ... tiny if they really do have a legit hot prospect copper/silver mine. Right juristdiction, copper is one of the hot commodities to light up in the months or years ahead once the big money takes an interest in a very tight market?
cg