The truth is that investors were drawn to this stock by extremly positive and forward looking statements by management and then left hanging.
The hard rock formations yielded phenominal amounts and the mobile Processing units ordered in Dec / 07 were supposed to launch the company into the promised land of Revenues and Production.
The assays of the Pampana Region were eye opening in themselves.
The initial Alluvial Production was good news as they reported extractions but after and along with those Promotive instances came the lenghty silent periods, unannounced and unexplained delays, vague communications, and clear avoidance of important and pertinent updates.
Even after announcing the alluvial mining efforts were supposed to triple current extractions we never heard nothing from them again.
It is these factors that predeceded and created the constant and steady downward spiral of our stock price.
The initial Promotion got shareholders to buy was a pump, the dump that followed was the share price not shares diluted until recently.
Over that lenghty period of time many became frustrated, dissapointed and betrayed by managements actions and inactions that resulted in the huge losses for investors.
No one was happy about it and as it continued more started to get vocal about it.
New investors came in and didn't want anyone saying anything negative about the company or its management.
They jumped on any one saying anything negative having gone through none of the earlier trials and dissapoinments or losses.
The company continued its management style such as the lenghty silent periods, unannounced and unexplained delays, vague communications and clear avoidance of important and pertinent updates.
Do not forget that we are also seeing the addition of substantial dilution not once but twice effectively doubling O/S in that period.
This caused futher losses not only to long time holders but some of the newcomers as well.
Some of their voices are beginning to be heard now voicing their displeasures.
Its not all a Naked Shorting plot. Their are investors here rightly displeased with the management style and results that have cost them dearly in their investment here.
I could list them all if you like.
I will call this company to task and I would no longer feel comfortable recommending this company to family and friends as I have in the past.
Management style has not changed and unless sizable Revenues are created to offset that we are doomed to see further declines in stock prices.I wouldn't want to see anyone else buying into that.
I am stuck as are most until value is restored to this stock.
With the concessions we have and equipment in place there still remains hope share price could actually go the other way for a change.
If it doesn't it should not come as a surprise as negativity so called increases.
Incidently the ocean concession is huge but don't forget according to some the diamonds aern't worth much.
eye
