yes, this is nothing more than a dead cat bounce. in a lot of...

yes, this is nothing more than a dead cat bounce. in a lot of ways, cto reminds watso of his mae holding - promised so much, yet delivered nothing. when mae engaged goldman sachs (or whoever), to handle the sale of the company tenements, then one would be confident to think, that there was something to sell. sadly, there was No production - the shares gradually dropped from about $1.50 to sub 10c. likewise, cto, have constantly suggested that they were going to be ramping up production - but over the years, that was nothing more than a fairy tale.

it does not take 5 years, and the expenditure of a $100m , or whatever, to crank out production of 5000 oz for a quarter.

following on from another post, but watso had a reread of he latest quarterly - and cto mention that they produced 5000 oz - but no where do they give the grade - but they do manage to mention the cash cost of production - which is about $500 per oz - which looks good - but still the money flows out. there is a grey area, and it is obvious that the company is possibly capitalizing some expenses, which probably should be expensed.

the spp is doomed - after all, who would pay 12c, when the shares are sub 10c. the report about some joint venture should be treated with great caution.

just like watso holds onto his mae shares, a lot of cto holders will hold onto their shares - but the end result will be the same - a total wipe out