simple fact: 2% of stock changed hands in the last week. for every buyer, there is a seller- remember that.
lots of people who bought the 50k sold it recently- obviously at a profit.
my flip flop in position[ and I did sell some which I do not regret] was based on my view that a)there was no milling contract and b) no solid prospect for one.
getting a milling contract will do way more for the price of the stock than the drilling results. If you made a list of all the good drill results of all explorers in WA, it would fill many books. If you then made a list of all of those which led to a successful mining venture, it would only fill one slim volume. Correlation is not that high.
On the other hand, If you made a list of the explorers who had a milling contract and then went on to build a successful venture, you would find a much, much higher correlation.
Now that management has told a number of people that a milling contract is in the works, I feel better.
I also think you guys need to recognize that this site does not have that much impact on the market currently. There are about 1,800 shareholders. Now how many people view this? and of those, how many are shareholders? and how many are significant shareholders? try to maintain a grip on reality, guys.
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Open | High | Low | Value | Volume |
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3 | 71000 | 0.025 |
2 | 49000 | 0.024 |
1 | 40000 | 0.023 |
2 | 430000 | 0.022 |
Price($) | Vol. | No. |
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0.029 | 179100 | 1 |
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