First, Richard selling shares is of no worries to me. He needs money like everyone else and NOT is his piggy bank. He is going to be remembered for a long time for this discovery and the amound of eyes on him is incredible. He would not risk selling shares ahead of bad news as this would hurt his reputation and legacy. If anything, it may be the opposite, great news may be on the way. What shape will this news take? Have your pick:
First truck load of gold comes out of the ramp at Windfall
Assays for E2 at depth are in and are great
Assays for any other eagles are in and are great
We are getting listed on the TSX
A major is buying in
Etc...
The point is this story is too big to unfold next week or next month for that matter. If you are the CEO and you need money and you have the amount of shares and options Richard has, you do not be a pig and wait for a peak, you take it at a low point and no one can touch your reputation!!
The other issue is that we will see our share price below $3.00 I can guaraatee it. There is very greedy people looking at this and they are just salivating at the though of all those margin calls going out and all these shares that will be available to buy under $3.00. So get ready for it. If you are on margin, plan to cover now. If you are in a position to take advantage of cheap shares, get ready, the dip below $3.00 will last but a week or so, just long enough for the margin calls to go out and be executed. This is phychological and is painful but when you understand the game, it is much easier to deal with.
Have a great week all and try not to fret too much about this manipulation. Last I checked, Eagle one was still there on our 100% owned claim!
Glorieux