The problem with AQQ is that it is a startup. It doesn't produce...

The problem with AQQ is that it is a startup. It doesn't produce anything other than prove there is sufficient gold at their sites.

To mine it needs lots more money which means capital raising which dilutes share value. More debt/finance isn't an option because a financier would want to be sure that their loan repayments could be paid back and that is no certainty since the cash costs of the dig isn't certain.

Does that mean AQQ isn't worth 10 cents. Probably yes but who can be sure until they produce something with positive cash flow? It is because of this uncertainty that no one is pushing the stock up. Afterall, if you like gold as an asset class why take a chance buying AQQ when they are plenty of gold stocks that are producing right now and are or are close to positive cash flow.

I sold my shares in AQQ for this reason at 12 cents after another positive announcement only to see the sold back down to 9.5-10 cents again a week or so later.

I would sell AQQ on the back of OTHER positive drill result if it creeps up to 12 cents. It proably won't because everytime they make an annoucement less people are listening.

On other note a lot of initial shareholders of AQQ got in at 5 cents and keep selling the stock anything above 10 cents. So again you be waiting your lifetime to see the stock go much higher. BORINGGGGGGGGGGGG!!!!!