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Re: Destinator post# 6628

Wednesday, 04/18/2012 5:27:43 PM

Wednesday, April 18, 2012 5:27:43 PM

Post# of 12573
I also urge people to "Get Smart" in their expectations surrounding a possible deposit that may lurk over half a mile below the earth's surface that has yet to be identified. We know the lair where the beast "should" be, but will it still be there? These are the questions that need to be answered. Will a $7mm treasury be enough to ignite the interest that is required to lift 187,500,000 shares of stock? Those that can only see a 30-60mm ounce mine with billions in cash flow are ignoring the immense amount of work required in that journey. These doubts are the source of the selling pressure as well as the horrid technical action (in all juniors) and the current pall over this space. In 2008, I watched the stock rocket to $.90 from $.30 in six trading days on 40-feet of half-ounce at Eastford only to have the SubPrime Meltdown stake it straight to a dime by Xmas. It made no sense but because of redemptions or fear or stupidity, someone sold me shares at $.09 in December 2008 and I sure as hell didn't blame manipulators for that crash. To say that the current weakness is "ALL MANIPULATION" is like the anorexic 90-lb. lady looking in the mirror and seeing only fat. Of course, it is easier to blame manipulators than to admit error in either timing or valuation or both but here we are at a 3-year low and there are no bids to be found anywhere. Such are the cruelties of the junior mining market.

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