RE:Stay The Course"The revised FS is pleasing the JV partner, not the traders on stockhouse. What we like or dislike has no merit. The JV partner will be putting out hundreds of millions of dollars, not the likes of many here that own a few thousand shares..." I disagree. TLG shareholders big and small pay the salaries of JR and the BOD along with any additional perks, and thus they are supposed to work in the best interest of those shareholders. Similarly, the JV partner is not looking to do any favours for TLG shareholders - whatever entity it is will be working to get the best deal possible for their own shareholders.
I'm not well versed in Canadian insider trading laws, but I doubt the mutual funds and other large entities that own TLG shares are privy to any information re. the FS or eventual JV agreement until such info is released to the public, and many such funds / firms can and do sell their shares if they no longer feel confident or comfortable owning shares in the company for whatever reason.
Then there's the investment community at large. The share price rises or falls when shares are traded. If a company is gaining a reputation for missed self-pronounced target timeframes, unpleasant surprises (e.g., a $15M equity raise at 0.35 and 0.42 two weeks after claiming they already had around $15M in cash on hand), etc., it doesn't instill confidence in potential investors to bid up the share price, which is what all shareholders big and small want to see. Also, whatever the share price is at, it can always go lower if there is mismanagement of confusion among shareholders.