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Re: miguel goldman post# 211

Sunday, 09/26/2010 9:11:19 PM

Sunday, September 26, 2010 9:11:19 PM

Post# of 260
I think some large share holder is ticked because this latest action dilutes the stock to a point where a reverse split will eventually be desperately needed. Also, the company just sent a clear message with this private placement to raise cash that they fully intend on developing this site themselves and there won't be any quick profit to be made on a take-over by a larger mining company.

Some people just aren't that patient to wait this thing out. Dilution gets to be an ugly thing and some people will take their losses and move on to where there is faster action. A few well followed metals newsletters state that most of these junior developers will eventually be taken over by larger companies and will make for a nice profit. Well, this aint happening with tyhee so I assume the newsletter guys send out a sell recomendation to their followers to make matters worst.

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