RE: better than yesterday?I have a feeling it will need to level out before it goes up. The downward momentum has been pretty strong the last 4 to 5 months.
I think what you are seeing is people throwing in the towel when a newsrelease fails to create a solid uptrend.
I spend a few hours looking through the available information on this company and trying to see why this has a market cap of only 9 Million.
I am left wondering: Hey there has to be something everyone knows but us here. Read through the information on the Bakoudou project and do the math. Compare it to a other companies:
Pacific Rim $95/oz
Gammon Lake $50/oz
Gabriel Resources $41/oz
Aurizon $39/oz
Great Basin $36/oz
Cumberland $37/oz
Wolfden $33/oz
Orezone $32/oz
Kimber $30/oz
Searchgold $11/oz
This is based on a Nesbit Burns chart showing the relationship between market cap and stated resource estimates expressed in ounces of gold or gold equivalent. This does not even take into account the Mandala project.
Read though the information on the Mandala project and do the math on that. I will go and look for some material to see if we can put a value on that. The thing I am still looking for is a projected cost per ton to mine and clean.
I am going to ignore the Quebec part simply because it is not needed to conclude that this thing should be trading far higher.
The current stock price makes no sense unless someone knows something we don't. That somebody would have to be in a good position to doubt the potential of what they have or to know of potential problems around the corner. I would say that the best people to see those potential problems would be insiders.
And as has been pointed out here before, they are on the buy side.