I've come to expect just about anything after a NR, after my experiences with Noront, so you won't find me disagreeing with the possibility of the SP being attacked, however briefly, on Monday.
But for those shareholders who bought in the $6's or $7's, and didn't sell at any time in the price slide down, now that they have true grit, why sell now? How low can the price go? It's getting ridiculous, I mean, there's not much fear-mongering left to do. Let's face it, this company is not going to zero or getting de-listed, so if one hasn't sold yet, it's time to forget about selling, and if those same shareholders haven't heard the story of our potential yet, well, time to start learning.
So I really think there is a limit to what more can be done to push the price down. And maybe there is no conspiracy, maybe the tonnages Genuity quoted and what Noront came up with was enough to allow for price slippage.
But the stock market only prices in what it knows, not the intangibles or the likelihoods of discoveries being 'clusters of high grade pods". So, I will be resolute in my belief that the geology will prove RN and company ( and myself, in the end) as being profoundly wrong, or incredibly right, and the stock price will be the final arbiter.
I am not concerned so much with where we are now, as I am with where we are headed, and where we will end up. I think this will be one of the low points we can look back on and say "It took guts ( or pig-headedness) to stick it out, but I'm glad I did."
There's just not much left to lose, I'm pushing all my chips into the center of the table, and I'm going to bet the hand I've been dealt.
And I wouldn't be surprised if we get another NR, just to trip up the players next week. Noront likes to do their own "carpet-bomb" tactic with their NR's when they are able to.
JMO