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Message: Re: What is the next catalyst?
5
Feb 27, 2013 08:42AM

I think the next catalyst can only be drill results. Going through your list, a short squeeze can only result from buying, not cause it, so it's not the initial catalyst. We've seen before that financing announcements (especially if dilutive) don't really move the sp, mainly because previous money hasn't been used very effectively (i.e. no drilling, mill not run efficiently, work not finished in Sinker, etc.). So that leaves out 2, 3, 4, and 7. Funding for the leach system plus permitting (#5) would help, but not much since that system would still take a while to install, and there is no confidence in that being done quickly or efficiently. BOD changes (#6) don't mean squat unless accompanied by real change in the way things are run- and even then it will take a long time to restore confidence. IMO, 8, 9, and 10 are the only things that will really move the sp, especially 10. PQ has destroyed any confidence that this company can get anything done in a reasonable amount of time (during which he dilutes like crazy to enrich his family and maintain control). The only thing that matters now is demonstrating conclusively that the mountain still contains huge amounts of gold and silver- making the company attractive for a buyout and therfore making people want the shares.

4
Feb 27, 2013 11:04AM
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