It is getting harder to see a mindless pump. As our banking system faces its crisis I wonder how much the sell off these days is a run for cash.
The market is never forgiving when it perceives goals as not being met. When McWatters plans were changed to go after the higher grade ore we have certainly seen this share change. I have seen statements about share dilution and escalating costs and yet you go to almost all new mining projects and you see exactly the same results. Cost over runs are now almost common as you see a shortage of drills/manpower/equipment. Two months from now we will be wondering what we were worried about but today we only see the hurdles we still face.
Its difficult to buy into a company wondering if this is the bottom or will there be a new one. We have all learned that we can get our shares cheaper and cheaper. No one wants to buy now because we have all picked up extra shares. I understand why we are where we are at but it is still tough. This share is not unique for me and boy I wish I had kept more cash. I think there is an end in site. This is a good company and I still believe Gary will meet the goals he set. As the world crumbles around us I will still keep my faith. I think it is time to turn off the computer and stop watching for in my faith I will do what I do best - nothing!! Let the cards fall!!