People think here think "Development Plan" to be a magic phrase that is going to make the SP skyrocket overnight. That amuses me. Development is a long and arduous road that takes a lot of time, a lot of approvals, etc. It also stifles SP growth as the speculative money leaves ( the famous downtrend curve prior to production).
Let's recap last year and this one so far.
☆Management drilled in excess of 15,000m last year ☆Found the backing of two international precious metal funds at a little discount to the then prevalent price. ☆Got the MRE above expectations and ahead of time ☆Identified new exploration targets. ☆They have 5 rigs exploring new ground 24h/d as we speak.
Find and name an explorer which did all that last year. Really there is no pleasing the unrealistic expectations of some.
Getting a 25% approval for salary reduction is another dream. You will not find that backing. As previously mentioned that just generates instability and gets holders acting in emotional ways therefore dumping the stock.
Yes, we are a TO target. Announcing a "Development Plan" will not fix that. The MD has publicly stated a number of times that they are pursuing three avenues of growth, namely DEVELOPMENT (by getting permits for Miraflores), TO by getting the MRE out early and Continueous exploration. What more do you guys want?
Arguably the stock market is rife with price manipulation That would explain better our state of affairs and SP better than management performance.
As previously highlighted, 71's motives aren't clear. I would suggest to 71 get started an action like this in BMG I think that stock would warrant such action more than this.
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