Bullish engulfing pattern. Let's see if this chart pattern will correlate with anything of substance coming from JJ et al. At this juncture, I really don't expect much from this company. The rubber band is sooooooooooooo stretched as to make it either snap and hurt or simply collapse when let go and bruise.
These guys are master minds when it comes to keeping shareholders at bay.
JJ and BOD have certainly tested the will and perseverance of all longs. This crap about naked shorts is just that.
I really want to know what company officer(s) who claim and hide under the guise of an NDA leak out certain bits and pieces of information to those who then spurt out their own home grown announcement of a pending announcement from the company. Which then causes some, including me, to go out and buy at the highs. How stupid am I.
Really, why is it that there are certain people who seem to always post information passed on to them from insiders, that certain announcement or certain event or certain persons of significance will do certain things within a short time, hours, days, weeks away.
These false signals are sent out by these individuals through the message boards, MP being one, sent as emails to their trusted groups, and then as time lapses, it is apparent that it was a ruse.
I cannot see how the BOD and JJ can have their cake and eat it too, but they have so far succeeded. NDA they claim, so they keep shareholders in the dark, and then they give certain bait to others to spread rumors of great things to come, and voila, nothing, nothing, nothing. Imminent, next week, Tuesday, next month, if only, need signatures, money is in Chile (love that one), it just goes on and on. Who cares if the money is in Chile or hiding under an iceberg in the north pole. If it isn't duly delivered to Medinah, then what difference where the funds are. Shut up. Really. Really disgusting and obscene in terms of the way they play this out.
They either have a deal, or they don't. Done, done, done means done, done, done. It does not mean subject to done, contingent on doing something and then done, it is done and funding is imminent. When we were given the bs about the funding was imminent, and I asked what does imminent mean. Boy, the answers were interesting.
Masters I tell you. They are masters.
So, I'll come full circle. Let's see if this chart pattern is merely a reflection of the grossly oversold sp, and this is a short lived technical rally, or there is something about Uly and his wallet being opened finally. ( I am way too cynical at this point to believe Uly will come through). I have my scenario, but that's mine, and mine alone. So, I'll keep it to myself.
Regardless, if the needle does not move this time in an appreciable way, whether Uly comes through or not, I am certain, after this technical bounce, there will be massive selling again. Nothing but substantive moves on the part of the company, i.e. full scale exploration, official confirmation of substantial amount of ore sent to Enami, and great results, not bs, serious commitment and initialization of exploration by the so called consortium, funds transferred to Medinah, and full documentation of all these events, will be convincing. I just don't know how they can continue to find the greater fool.
I am tired of looking at pictures of rabbit holes and being told this adit is one that contains massive amounts of metals and minerals. Give me a break. If they had taken the ore by wheel barrow to Enami, there would have been an Egyptian pyramid size ore at Enami by now. Enough.
For all those who relied on this speculative play to bring you financial relief, I certainly hope you will find another vehicle that will bring you that end. Let's see if we see imminent new highs or imminent new lows as the weeks roll on.
I wish you all the very best.
