I am sure that everyone on this board that owns even 1 share of ECU wonders why it is stuck in the doldrums. Last year we demonstrated that ECU was under constant pressure by shorts that piled on anytime the share price rose to anywhere near $.90
Then in Dec we saw that line smashed and the share price rose to $1.40 before it fell with the metals in Jan and early Feb.
I have scoured every source I can think of to find a market reason for the share price to be stuck below 50% of what it should be trading at. Can't find anything.
I doubt that the Joint venture between GOG and ECU turning over phase 5 of the exploration program at the San Diego property to Chenrox could be responsible.
I am sure that it is either the criminal flash traders or a huge shorting effort of ECU that is responsible for the lack of upward share price movement. It really sticks in my craw that the various regulatory agencies are so incompetent or complicit.
I am starting to see a number of junior miners suffering the same fate. How can miners with great properties and proven resources still be trading at the same price as when silver was 10% lower just a few weeks ago?
This is the same kind of cooperating criminal actions of big money and government that caused the global financial crisis without so much as one person going to trial, let alone go to jail.
There were thousands of bankers jailed after the S&L crisis of decades ago, and that was less than 1% of the current level of theft of the last three years. How can there be not one banker, regulator, of broker even accused of the crimes that they committed? How can there not be one govt regulator fired? I see the problem, but I can’t see the solution.
Call me Grumpy