American Bonanza Gold Corp ABGFF

My guess

[jlag]

My guess as to why they are late again on any updates is because the financing hasn't closed (which was supposed to close on Sept. 16) on the 100,000,000 shares which puts them in a bind because they need the money for spare parts because they have broken equipment in which they can not fix without the spare parts. Production numbers will be low. They should have August and September numbers by now but they are not releasing. Hopefully, I am wrong and the numbers will have improved, but I doubt it.

[Z06]

I don't know about that. 800,000 bid @ .045 proves something is cookin. Insiders always know before us. Hope I'm right.

[jlag]

Yes. I saw that bid too. I hope you are right.

[bizwiz]

To reply to jet-lag That's what I couldn't grasp about them. Despite the production, they are stuck having to panhandle thus giving away the corporation in the process which at 4 or so cents per share gives a very cheap equity position to those which buy in on the share emission while dilution the position of everyone else and also potentially assuring that the price stays depressed once

[bizwiz]

Typo correction To reply to jet-lag That's what I couldn't grasp about them. Despite the production, they are stuck having to panhandle thus giving away the corporation in the process which at 4 or so cents per share gives a very cheap equity position to those which buy in on the share emission while DILUTING the position of everyone else and also potentially assuring that the price stays

[Z06]

My guess is gold & silver are about to drop. All the big miners are down.

[Z06]

Just like clockwork. Happens every time. Stocks drop on a gold up day, next day gold drops. Noticed someone is nibbling @ .05.