The sp continuously keeps dropping and it seems one seller is mostly doing it, Lori. I don,t know why, but some mentioned maybe a PP might be coming. We saw in IGD how the share price was drove right down one day a bit ago and a PP done at a ridiculous low price. I don,t know how legal that is, but it sure brings up questions. The POG is relatively high, yet our sp keeps dropping when Lori has said we have 2 potential world class gold deposits in seperate text. There sure is something funny going on with the sp and I wonder how much integrity is really in the markets and who is upholding it. If there is SP manipulation going on here, surely the regulators can be held partially accountable.
The need to do a PP shouldn,t even be here,Lori said in Mar that we had 9 million in the treasury and we had many prepaid expenses, we were fully funded for a 20,000 m drill program in which only ~12500m were actually drilled. But it was my understanding that drilling was paid for and the 9 million was still in the treasury in which the deep drilling had to come out of, but we didn,t do that yet.
Bottom line, by what she told shareholders in Calgary, there should be no need for a PP at this time. We have done nothing since Mar to spend the money on. Also, if all the bulk samples got down over the hill to Dynacor and maybe another processing mill, then there is extra cash there to come back in the treasury. Some of that bulk sample material had to be in the 2-3 ounce grade, an abnormaly high grade for the regional average taken to mills.
IMO