Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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Message: What will be needed?

Re: What will be needed?

posted on Mar 09, 2009 10:14AM

My guess re: Anon massive selling is still instituitional investors selling flow-throughs from last PP for free, or nearly free, warrants at 20 cents that don't expire for 2 years. Who else sells such massive positions under disguise of 'Anonymous'? Who else would have any incentive to sell any substantial holdings at these prices? No one IMO except for participants in last PP. Very discouraging to say the least.

I for one thought 7 cents would be support. Obviously not the case. I guess this is what you get when you have a gazillion warrants and/or options outstanding in a market like this. An expensive lesson learned for me that's for sure.

Also very discouraging that SGX has absolutely no one to step in a mop up any significant amount of these 6-7 cent shares for the long-term. You would think some of their promotion would pay off. Also obviously not the case.

My only hope now is that Lynx NI 43-101 comes back with a number that surprises the market and maybe gets noticed. Open-pittable gold and silver with some copper as a bonus sounds great, we just need the numbers to make it mean anything. Assuming it is actually released, that is. Oh my.

red911

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