RE:Sellers Exactly. This has befuddled me for quite some time. There are only a few explanations
that make sense. There could simply be a lot of day trading for pennies because of the
high volume trading or quite a lot of loose stock left over from the financing.
If you remember they did a huge financing with wts. Those unit deals usually act as
a drag on the stock for many months. It can take a long time to clean up so you need
a good gold market plus a lot of buying interest to mop up after. The usual game
played by the finance participants is to flog the stock and keep the free wts. You get
your money back quickly and then get a free ride on the wts.
If I was a participant, I would do the same thing. Not all investors are in it for the buy
and hold. This is just something that companies and average investors like ourselves have
to accept and put up with in order to raise the capital required. Eventually those loose shares will get taken out. Besides a good gold market, you need fundamental news to keep investors involved and bring in new ones. We have a damn good gold market so we just need material news. It will happen.