The problem is they are out of money . They need to
explain how they are going to fund future operations. Is a big share offering coming down the pike or some really ugly finanacing deal? They need to do something.
They appear to be out of money? Has management addressed how they are going to raise funding to keep moving forward. They've had some positive results science wise but they can't go on without additional funding or so it appears.
There has been a really rapid run up in the share price which would usually give me pause, however I have been really impressed by the heavy volume on this last leg up.
Based on a recent industry deal for a project similar in reserve size to Vista's Australian project, and a belief that the price of gold will be at $1400 sooner rather than later. Again just my opinions.
7 million shares traded and over an hour to go. The reason I think this is smart money volume is we hadn't had any "momentum" player "stupid posts" until just a little bit ago (im not counting all the computer generated garbage posts that always dominate this board). I'm sticking with my idea that this is a perfect candidate for a buy out at around the $5 level. Just my opinion.
Wow, another excellent start to the day on massive volume. The stock wants to go up and someone wants shares.
See my post below. Mt Todd is a "big pile of gold". Perfect for a big company to acquire and move forward. That's how this business works.
Should be enough to get them to my expected/hoped for "end game", which is a buy out by a big boy sometime before year end at around $5 a share. Time will tell if my idea has any merit or not.
I think that Frost sold out completely tells you the end is near. I've been out for a couple weeks due to poor price action.
Pretty convincing, in a very, very, negative way. Really explains why this company just can't ever seem to get into production and why its performance relative to the other PM stocks has been so poor this year.
When was it posted? Can't find it. Certainly would seem to help explain the poor price action in this stock relative to other gold stocks.
Watch, we'll end up finishing "green" today or "flat". By my estimates this is a takeover candidate at $4-$5 a share. Just my opinion.