I'm very familiar with technical indicators and measures including moving averages. I'm not clear what magic gets any 7 day average to 2.5 cents when it hasn't traded at that level in 6 months. Attached is the chart showing 7 day exponential, simple and weighted moving averages. Most of the last 6 months has been under 1.6 cents. The surge at the end is welcome but it's been atypical.
Let me ask you a question. If you were Strandline negotiating this deal in the middle of this chart what argument would persuade you to accept 2.5 cents as the benchmark for 12 month escrowed scrip when it hasn't been trading near that level and GUN has struggled to raise $600k at 1.7cents?
We need to deal with facts not fantasy/dreams. The critical facts are
- we are nearly out of cash,
- our shareholders are exhausted with capital raising yet we have to do another one anyway if this falls over.
- our projects have promise. I believe they are grossly undervalued but the market is barely listening to our stories atm and we don't have brokers pushing our case
We need to break the cycle that's punishing us and give our projects the time and breathing space to return value to our cap. Strandline offers us solutions to all of these critical facts plus quality personnel and a potentially exciting project. Do we really, and I mean in reality, have an alternative?
