Hole Punch.
With our company so little and trading so thin, I can move it 5% with a couple of hundred dollars at the end of most days. Look back at he very small trades at the end of the trading days and you will see for yourself. This stock is manipulated 99% of the time. By whom, and to what end, is an entirely different question.
I am more concerned with the volume of gold be now have to give to DB each quarter and our production, that is for sale, not enough to make a profit with gold at $1,500.00+! Our cash position over the next two or three quarters does not build confidence. We definitely need to be in the 22,000oz. range of AU equiv. to keep us as an ongoing operation. I do not know if that will come from grades milled, heap leaching, plant expansion, or somewhere else I have not thought of today.
This is starting to look ugly and I am concerned that we will not even hit 18,000oz. AU equiv. for Q1 FY 2013. I do not think our share price is even close to bottom yet. We may not see the pretty $0.15, but mid-twenties is a real possibility with two losing quarters in a row. October 15th will tell all.
