Hi Coach, excellent post as usual

I fully agree with you concerning the financials. I guess the point I was trying to make is that readers shouldn't be looking for profits in these reports but you certainly want to compare the income/tons/grades sold with previous quarters. You want to see an increase in tonnage and grades. Problem is the market is expecting said increases, so these quartely reports usually have little positive impacts on share price. Allthough a bad report can be very negative.

Not sure I agree with your call on shorts covering last November caused the increase to $1.40. I recall while the stock was around 70 cents a large increase in bids started showing up. We would often see 200K on the bid at 71 for example and just a few k's on the ask at 72. This went on for a while till it started flying to eventually reach $1.40.

I'm curious as to why the bids went up so much in November and disappeared later causing the price to crater back down. I doubt very much that at $1,40 there were no shorts left.

As Silverbull mentioned yesterday, the Junior market mindset is still fairly negative. It has been since the fall of 08. Sooner or later, like everything else, this trend will reverse itself. I'm just worried that we can announce that we hit 100% Gold on a zillion meters and it still won't matter.

Later