RE:RE:RE:RE:RE:RE:investors dumping stock again because of pathetic mgmt Yeah, gone are the days of Dave brown bagging it at Borden ( Chapleau ). It is interesting to watch meters and buyouts .... Borden no PEA just a few 43-101's. We will see ... still waiting on a lot of drill holes. Also, detour is their copper / moly expansion ?
A lot of moving parts. If you have 20k in shares you can sell and move on ... want about 800k or a million plus because you bought a ton of Adventure gold ! Amd you got 3 to 1 at 18 cents ... you shave broken even ! Bright side is the whole commodity complex has to move. I have Oil and Gas that offsets a bit ... we will see. Very few suitors have mill capacity. AEM, Osisko, Eldorado... to name a few. Permitting to an ideal 30,000 to 40,000 tons will take a few years ... not sure if that has started ?
Feds won't let the Chinese go for it ! But on the other seems like the liberals won't give quick approvals. Trudeau sure know how to spend ... but not invest.
Dave P and some of the board have large positions.
PRB is better off than other juniors ... I honestly don't know why 03 mining is so high ( not a great deposit amd it's really deep ).
majors have to see a clear path to 2600 gold or more. Open pit costs of fuel alone forces a decision not to invest.
All that being said .. I am still hopeful all of the taming drill holes will be published by January 2024.
If you have more than 50 k in shares ...we'll just hold it .... what else you gonna do .... stock is tightly held and managed ...!
GLTA !