Colorado Goldfields Inc. (fka CGFI)

[lesgetrich]

Nice post flicker. However, I would point out that the problem with our pps is not just a lack of confidence but a shortage of enough investors to soak up all of the new shares hitting the market. We've been averaging multiple days each week with volumes over 5 million shares. It's just human nature that if, for example, I've bought all the shares I want at $.005, the share price has to drop significantly to lure me into buying some more. There's no time for the price to recover before more shares hit the market. You'll notice that whenever we have a lull in volume the price goes up.

This isn't Guyer's fault. He's just focused on raising money to open the mill. You could argue that he needs to hire an IR guy but that would also require paying that person. He has to juggle his funding priorities. Not an easy job right now.