We have too much uncertainty in the market concerning the problems in the RoF. The general market isn't helping anything either. We passed one deadline, then got news it might be two more weeks. REALLY!!!! Will this be the last extension?
These are questions potential buyers are asking. NOT will continue to slide, in my opinion, until it gets too cheap to resist buying. But nothing substantial will happen until there is a resolution to the problem, and we get the resource estimate that is coming. A good increase in reserves will be the key to a wider range of investors buying in. These are the two things we need to wake up the price.
Who is selling???? Well, we always have that to contend with. There are many reasons for selling. Just one for buying. Some wise person said, wealth is transferred from the impatient to the patient. Seems to make sense to me.