Well...an interesting day.
Confirmed more mineralization and a larger trend and the stock went south....real south.
I have called IR and been told that they believe someone was trying to teach them a lesson.....which makes sense when you look at how fast and furiously this actually happened....news wasnt released en masse and this thing tanked quick.
Also its the last day of the month for June...Questtrade (124) was the biggest seller there with 378500 shares moved.....today would also be the day they do their margin calls.
Both of these events conspiring could easily tank this stock down as it is tightly held...the float worked against us this time.
On the bright side.....theres only 10000 shares between .16 and .25 so we should be able to make ground back fast...only 100500 shares til .16 so basically we move 110500 shares and we're right back to where we left off...this is easily recoverable. On the bright side the chaos seems over...and the bids have built huge.....Canaccord has a big bid for 92000 at .13 currently so if they have to buy into the market we're already going to be at .21 right there....and Im sure this drop will generate a bit of publicity. Lets hope Tuesday morning brings a strong bid side and a thin ask side.
Inexplicable what happened today but it should be easy to undo the damage....the numbers are good and theyve confirmed more mineralization there. We were undervalued based on our last drill results.....great buying opportunity here I think...congrats to anyone who picked it up at .08 and .09.
Lets hope for a better week next week.
Rogue,