Ann: Dorado-3 Drilling Update, page-39

Joseph,

I have a different theory. I don’t think shorters have much power here, there’s not enough of them, and therefore nothing intimidating about them.

Imho there are some dastardly buyers propping the price up whenever it drops to 37 or so, seeing really good value to take from wave after wave of fickle and stale traders and speculators. Horror of horrors some of them are no doubt using bots.

We’ve seem it all before, the months and months we were stuck around 8 or 9 cents. In the long run the sp reflects the progress being made. Imho one needs to focus more on one’s own estimation of valuation, and less on what the market is saying. In the short term the market is not balanced, and atm imho we have huge numbers of the speculative type with little interest in, or understanding of the value exiting, to the delight of patient value buyers.

We went overvalued. You’ve got to expect to spend as much time undervalued as overvalued.

EL