How much lower will they let it drop? Sprott and Insiders only have the interest for themselves and no one else. They could care less about shareholders, but when does it come to a point where it would benefit them with an increase in PPS?? At $1.00????? WHO KNOWS ANYMORE!
BN: I think your on the right track. Anyone with a rudimentary knowledge of producing miners knows this valuation is ridiculous . We are at 28+/oz silver ,not 18.
I understand companies that need big bucs to develop assets ,or even small PP for some exploration cash ,but that's not the case here. Share prices for companies with good balance sheets are bad ,but there seems to be more to this.
I'd bet my shares this is insiders running the share price down. Management ,Directors and 10% owners would have to report, but with this low volume ,it doesn't take many shares.
How many shares did our advisers have before the share drop and after ? IE; Cormark (closely related to Sprott ) or a few others that have been paid over the years in shares could be behind some orchestrated selling to spur on a retail sell off.
I only mention Cormark because of the great advice they gave shareholders about the HL offer and the RX deal.
Bottom line is we don't know the bottom,so selling could be catastrophic to anyone that has suffered through the last year. HOLD! Don't bother trying to use charts .With this volume ,it's a suckers bet,imo.
I'll stick to my belief from yesterday ,that our price is being artificially lowered to accommodate another larger transaction. Whether that is a merger or just an insider entity working at acquiring a larger position is guessing. That's what's wrong with free markets LOL, there are so many ways to deceive the dying breed ,called the common shareholder.
AI
