Xali Gold Corp V.XGC

Current Situation??

[bluemoons20]

Just  wondering.  Have heard  very positive  posts  here over the past  few years.  However,  despite  this optimistic outlook,  the share price is nowhere.  Did go to  6  a bit ago  but  then  Friday it sells  back to  4.5 cents.  That is a far cry  from  the  millions or billions being quoted here.

Anyone know the real story??  I  would have thought  if it was so good, management  would  want it to go  to  even  $1  and  they would likely  clean up with their  shareholdings??

Just seems something else  must be going on!!

GLTA

[horsewithnoname]

I think XGC management has put itself into a unfomfortable position by making strategic mistakes. First, they lost out on the last explorer rally and did not sell out or at least raise sufficient funds. Second, they missed out on the rally that followed their announcment regarding cash flow generation through tailings and millings JVs to raise money. I assume because they were overly positive that