Since mid August, each high peak is followed by a yet higher peak and each low trough is followed by a higher bottom. Nothing in what has happened over the past week is inconsistent with that pattern. If one knew nothing about the company fundamentals, and one only followed the technicals, one would expect the current s/p to be exactly where it is. This is what the TA approach keeps being referred to as the normal retracement.
Nothing with the fundamentals has changed. The tungsten asset is still there and Woulfe is working towards getting the definitive loan agreement with the bank signed so that IMC can advance the first $35M.
What has changed is the fact that the big 4 shareholders are as a group starting to hold a larger portion of the outstanding shares. Those 4 do not react the same way retail shareholders do. I would like it if the big 4 could go up from 40% ownership to over 50% ownership. Then the s/p would not have all these melodramatic swings created by retail shareholders who think their dd is better than that of the big 4. I keep saying that not everyone has what it takes to be a retail penny stock investor. I am pretty sure Dundee is more than willing to take your shares if you want to sell them for cheap.
The only negative news that would be a game changer would be if IMC and the bank deals fall through. Then I would agree we have some serious problems. However, nobody on this board has any knowledge of that happening, yet some are reacting as if they somehow know this to be a fact. Their knowledge is somehow higher than that of Dundee. I say, relax, in comes the good air, out goes the bad air. Lower the stress level. The 2m shares sold by the Wessons were sold at well below the market price, which means there is some rational explanation and that it was not some bail out by them. There is no rational reason for thinking the deals with IMC and the bank are not going to happen. In goes the good air, out goes the bad air. Patience.