Hi All,
As everyone is, I'm disappointed with the recent price action, especially as the results released were good.
The selldown was nothing to do with grades or quality of the tenements or the potential here.
It's to do with Patersons having complete control of the register and doing what they want with it (ie. selling it down and getting shares back cheaper than what they sold at, in the upcoming CR).
Some will say/call them Dogs; but that's the game we play and giving the register to them was required to pretty much save the Company in the recent recap - didn't expect them to sell it to down here though.
Rest assured, the mother of all pumps will come after they get their cheapies in the CR.
I'm guessing it'll be:
- Rest of Tesorito results, then
- CR, then
- Chuscal JV, then,
- Pumpity Pump
I could be wrong though, like I was when thinking 0.008-0.009c was cheap as chips - the chips got cheaper!
Hopefully the rest of Tesorito results are good and give the SP a boost before the CR.
In the mean time, have a long coffee and chill.
Cheers,
GB.
edit: spec end of market crapping itself doesn't help!
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