Everytime the company announce an update to the Hillside Project (and it has all been very good news) the share price just goes lower and lower. The announcement today was in my opinion very good but nothing deterred the price from dipping. From 1st January $1.70 this year to the current time $0.77 the graph has a decline of a 45 degree angle and heading further south and on low turnover to boot. When the placement was secured at $1.20 I thought the people involved would of done their homework and would have expected their $1.20 investment to stay around that level.At todays current prices the company has a Market capital of $118.46 million . Even in a market correction nothing happens to this stock and a lot of people thought at around $1.70 it could be a take over target . I cant see anyone interested in this one at all. I have averaged out from $2.50 right down to $1.06 and thought that is low as it would go.
World monetary crisis or not there is something drastically wrong with this shares performance but what to do is the problem.
There must come a point where this thing will bottom out and stop that 45 degree downward trend. As a long term investor I suppose i should not be too worried but it is a concern that if the company will soon convert from Exlorer to Producer and you would expect something more becoming of its new title.
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