Providence Gold Mines The situation of PHD on CEO.CA very well analyzed by Gamble :
"PHD has also had a couple of 'hiccups' over the past 3 years, but Ron has proven his abilities to prove up a resource on his previous projects and is more than capable of doing that here - and if the gold is verified in these near surface targets as we all believe then the sky is the limit with the small float of 62m shares. Ron and team have waived their fees for the last few years to keep debt at a minimum and not dilute with share for debt - show me another team doing that !!! The team is currently solid for where we are and what we're doing for exploration, and adding another body when the time is right to move to production is an easy thing to do - there will come a time when the team needs to expand to compliment Ron's strengths, but that time is not quite yet - and yes, I see a business manager coming in down the short road, not because of Ron's lack, but because the extra demands will require a growing team ... Anyway, the trading activity over the years is indicative of a market maker with a large undeclared naked short - I look forward to the day when they are exposed #savecanadianmining "
Thanks Gamble !!