Dent1,
You might want to wait a few more days.
Couple Guesstimates:
- If you look at the past two PR's, they were about 2 weeks apart and each time created a very short term buying period before the mm's were able to turn the tide and create even more selling pressure and low bid chasers.
- If you don't see a PR tomorrow morning, there isn't an every 2 week strategy to get more information out. This could work in your favor or against you, depending on what the MM is doing. However, since they have been taking it lower, that's more than likely the direction until cash flow positive PR. So, you could accumulate more, risking the wait.
- Without a 2 week strategy, MD will wait to publish the next PR when something significant is ready, which has been theorized as anywhere from 2-4 weeks (minus 3 days since claimed). So, you could accumulate more, risking the wait.
- Assuming the 2nd ball mill has been fixed and is running, it will take at least 2-3 weeks to catch up to the load size needed to sell to RBS Sempra. So, you could accumulate more, risking the wait.
I think you understand my timeline on a buy recommendation. Now don't get my wrong, if we weren't putting in new floors, I would put that $5K in at .006. But, since we have as much risked as we want, I will hold tight with my 1.4M at .015/pps average.
Great luck to you in your investment and whenever you pull the trigger. We are w/in weeks of having the news we need to make this a reality. That news will get us our money back, plus some, then we can determine how the rest of the outstanding issues will affect the pps. But, cash flow is #1, then SW/EX, then share buy back, then land claims, then dividends, then retirement :)...can you see the rainbow?
Peace - VVV
AI
