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Wednesday, May 18, 2011 2:03:32 PM
Two weeks ago, the PPS was around .18
Since then, gold has endured a number of take downs dropping over a hundred bucks per ounce.
SGCP has bounced around between 16 and 18 during this same period.
I don't see the massive dilution suggested at all.
The volume doesn't support that theory and neither does the PPS.
A certain loss of interest in miners is to be expected when the price of gold drops. Sort of a cause and effect thing.
There may have been operational monies raised during this period, but that seems preferable to letting the dredges sit idle (for lack of the 60 gallons of fuel per day) for three days until the next gold sale or whatever.
Keep in mind that any reported sales are a always month behind.
A drop in PPS from 18 to 17 (or even 16) doesn't suggest a massive sale of shares, or a precipitous drop. It's just a natural consequence of other things that are going on in the market.
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