Re: Every 18 seconds
in response to
by
posted on
Dec 11, 2009 04:02PM
Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.
It's really tough to say if whether manipulation is the factor here or just plain ole selling. We saw some previous directors/officers selling out their positions (Sherriff), and placees joining the boat there as well (Golden Predator), and probably even Pinetree (they had what 5-10 million a way back). Lots of shares out now with EVG, some funds (who most of the time sell of free trading and keep warrants), but with that in respect the retail higher price buyers (LONGS) seem to be remaining on the patience side of things (seemingly). Traders (shorts or otherwise) love volume (feed into from news), love activity/pr (so they can feed these shares, especially if they have PP shares/warrants otherwise known as replacement paper). Is this tax loss selling? Is this some of the recent pper's (Scotia/National) taking some profits on free trading? Are the mm's joining on the selling side every cent they can get? Anon and Jitney most likely working together most of the time. The odd lots could be a couple of things; balance of orders pieced out so they don't scare out the market on the sell side, buyers and sellers could be evenly (somewhat matched) so what we see is a tennis game within a $0.20 range (or until it’s a clean market), retail buying and selling from funds or otherwise.
Some don't like the news, all want more news, some don't like the way management has run things, some have had ego's played with, all want more technical, some want more report based info, and everyone wants $5 bid (LIKE ME). When these guys started out they had a run up on a potential, no shares out, with a pretty messy company. Now they have good (paid as well) management, good exposure (pick up your boots Peter Grandy and put some more attraction to our/your market heh), good old cash for next year’s programs (and salaries heh), good information (so far) to work from, majors who appear to be sitting at the door, more results, more zone possibilities, and more than (appears to be) than a simple million oz's heh. Agreed that this sp is killing me to, on a seemingly daily patience tester it seems sometimes, but I am still at the roulette table throwing those dice, and sitting quietly, waiting, waiting, and waiting. I personally like what they have achieved so far, considering they started out with nothing (like all juniors), geo’s putting money where their mouth is and getting some numbers. More holes left to announce, more drill holes to put in ground, more news, hopefully more exposure, all while still in a good ole gold market. I just hope that EVG pays more attention to the way they run markets (learn from this past) for value. Sorry bouts the ellongo post all.
GLTA
EL Longo