I agree Traps, Ned does what Ned wants, he does not sell for 34% over 30 day average. The only people that see an image of a junior under stress are a few of the longs that spend their days watching one stock. If $3.00 was offered today, never mind $8.00, most of the longs would be running to accept.
IMHO After passing up many other opportunities to stay the course with this stock $10.00 is the minimum this company will be taken over at. They could have sold out long ago at $3.00. The infrastructure alone is worth the current market cap. 3M oz soon and counting worth another min. $3.00. Premium?
120-150K oz production in 2010 with 1000 US gold price, translates to share price of $9.00