You are right....
Gold and gold mining stocks are always bad during the summer months...go back and look at history....from Mid May through August you will find a drop in most gold mining stocks..then we should see a pick up in the fourth quarter through the end of the year....
The start-up of production is bothering a lot of people...and IMHO a lot of people do not feel that the start-up (when it does start-up) will not be successful and they have shorted the stock to the tune of 7 million shares ...
7 million shares is a lot for a company with only about 60 million fully diluted...
Management keeps telling me they have enough money and start-up of leaching will be any day....that is the best they can offer??
As we go on and on I keep having nightmares about being another Gammon Gold....thank God I usually wake up quickly and stick a few more darts in Freddy George's picture !!