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Friday, June 11, 2010 1:02:49 AM
It goes down in the rainy season when no Production is announced.
The differance last Sept was the announcement of the CC Project.
CC's were a hot topic from Sept till the end of last year and waned as Copenhagen was unsuccessful in climate change aggreements.
Momentum built significantly based on CC expectations. The CDM application was completed well after the CC project was announced.
It has always gone up with Production news from the time of the first extractions of gold in the Pampana area.
The stock plummeted as the very things the company had hyped and PR'd were abandoned and rarely mentioned again.
Deep communication droughts and shareholder avoidance sent this stock reeling.
That is another reason I became quite vocal. I have seen these things happen with this stock before and history was threatening to repeat itself once again.
It was dismal communications and shareholder avoidance that drove the stock down into the .000's
That massive drop multiplied the dilution required to raise Capital.
If the company had followed up on the very Projects it had hyped or if the company tripled extractions at the Pamapana River like they said they were going to the stock would have hit and maintained new highs.
As it was they announced huge expansion ( from 1 kg per month to 3 kg per month ) and then just dropped the subject completely with no explanation whatsoever.
Those extraction results were from picks and shovels without any machinery at all and they were recurring month to month.
With all the machinery we have aquired we have still not not matched those numbers with all our new sites and equipment combined.
They did the same thing with the second delivery date for the mobile processors and the hard rock formation project.
After significant hype they just dropped those Projects like a large rock in a big lake.
The stock went down with extremely poor communications and follow up of announced Projects.
It went up with extraction results and increased extraction reports.
Any good chart will show that correlation clearly.
It was happening long before John even became a part of the company.
The charts don't show why the stock price was driven down.
Silence and avoidance was not golden, it was extremely costly for many of us and anyone that denies that is just plain lying.
Which is another reason I made such a big stink.
The company has claimed before they would take part in no death spiral financing.
Perhaps they won't but at the same time they were saying they would not dilute the stock and that clearly changed.
They did aquire equipment with that dilution but as yet none of our equipment has met the company's own projections or expectations.
We took a big step back after Pampana and the hard rock abandonement but we did get new sites that clearly are slow to develop or are simply falling short of expectations.
Cork may not like me cutting and pasting but the company's past PR'S show the hype and silence following announced Projects and results.
Silence and withheld info has decimated this stock on much more than just one occasion.
eye
eye
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