Sorry, I don't believe in passing on unfounded rumors and only offered the comment to explain the rush to sell of speculators and day traders that were capitulating; thereby offering a great opportunity to buy a few extra shares.
If you did real DD, went to Panama, actually looked at the site, and talked to some engineers and those who did the exploration then you probably would not be upset by volatile fluctuations on very low volumes compared to the number of outstanding shares.
Without any real knowledge or education behind a lot of traders it would not be unreasonable for stock to drift down the $0.30 where I have read commented on this board as a solid floor. It is also possible to see a jump of 100% in eight hours as has happened before.
Management is busy mining, pouring, and selling gold and not really interested in volatility of day to day or month to month short term share prices. There have not been any significant sales of anyone holding 500,000 to 1,000,000 shares, as these people are well aware of future returns.
As Warren Buffet has said from his old pick-up,"Don't hold a stock for ten minutes if you are not willing to hold it for ten years."
In a year or so, this company will probably be paying an annual dividend higher than today's share price. As an investment it is probably the best junior minor out there although soon it will be mid-tier.
It has been fun sharing comments and participating on this board; I wish all of you good luck...except those who are short. In a week or so I am going back and will think of you all as I tip back another Balboa!!
Hasta luego...Nos vemos.
