RE:RE:RE:Lion One Drills 3.3 m of 97.46 g/t Gold as evidence for the comments of the other day ----
1) June 5th release gets an uptick of 10% to the stock as it addresses operations and shines light on progress to cash BE, something the traders don't want.
2) June 12 th release, - stock falls - sure nice numbers but no operating information and only financial implications are that they just told us they burned another $ million from the bank account whilest still not being cash flow positive.
there is of course underlying commodity swings around these announcements, but i think the market traders are just loving all this exploration cash burn.
Puma1back wrote: They better not be risking the cash balances too much with this drilling- short of finding 20 metres of solid gold these likely won't make any difference to the stock price until the markets are positive the operating income will cover expenses and then some.