The subject title, as you all probably know, describes:
1. a state of inactivity or stagnation, as in business or art.
What we need to understand though is the underlying reason(s) for this state of inactivity or stagnation. In this case I am referring to the listless share price not necessarily the company's exploration efforts.
Recently any attempted price rise of a patry 0.5-1.0 cents is almost immediately followed by another trade, at a price 0.5c-2.0c below the previous trade price, thus killing any upward momentum. This pattern is very obvious when watching course of trades and easy to do with a relative lack of buying depth...
The SNN share price on the TSX has also been copping a flogging in recent times - this is at a time of record gold prices! Policy selling of juniors perhaps?
What gives? Is everybody waiting on the rhenium results? Your thoughts are appreciated...
Cheers, 'stoker2.
KMN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held