It seems to me that the market is more influenced by fear of loss from a potential nasty surprise with EAS, than they are motivated by greed based on the impressive drilling results that continue to be reported. Since the company admitted they will be filing their financial reports late, and also that our current president Lynden Bradish has resigned from his position of president of another mining company to avoid the possibility of a conflict of interest, the stock has been drifting lower. The trouble is that the trading volume has always been very low on this one, and they do not aggressively promote the story, so when a few players decide to take profits, it translates into a big drop in the market value. I am still bullish on the company, and have been tempted to wade in and buy more on the dips, but it certainly seems to me that the consensus opinion is 'wait and see...' I spoke with Bradish briefly in Vancouver last month, and I have no reason to think that anything is going off the rails with the company. I have to believe that as long as they continue to post strong exploration results that will eventually generate some buying.
cheers!
COACH247
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