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15:09
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Originally posted by copperroad
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I think we are seeing an ongoing seller at the moment. He will run out of stock soon enough. He started some time ago. They sold the stock off on Friday from 92c down to 87c imo. This is normal in stocks during their growth process. The registers tend to move about a lot, and hence the volatility. People sell for endless reasons, and we have seen sellers all the way at different times since 20c. The last placement was done at lower prices. It's a little frustrating at times, but not company-specific. BC8 have delivered great ongoing news in a solid gold price environment. This suggests its just a larger flipper moving on. Good luck to them. I'm sort of glad they are selling at a discount before the serious news turns up. As each qrt hits, we are going North with these gold prices. I also think the company is still ramping up; some people can't join the dots. The recent news item was encouraging.
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The real question is why are the buyers not stepping up to defend their position if the stock is as undervalued as everyone described?
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