This is clearly a precipitious drop; however the volume tells me it is of little consequence. We have roughly 129 million shares with 260,000 trading today thus far. That is one fifth of one percent of the float.
Don't get snookered into a panick.
The TSX Composite is down over 650 points today.
The DOW is down 260.
That our little company, trading on the venture exchange has not completely flopped is rather teliing. The vast majority of shareholders are holding tight.
So am I.
Although I certainly could not have anticipated the volumes of blood in the market over the last two weeks, or how quickly the dams would be over run, these are the times when the term "long and strong" actually mean something.
It means that we know what we have and that we are continuing to delineate the size of the resource. It means that we while we have no confidence in the marketplace, we do have confidence in our management. It means that while we turn off our whisper 2000's to the wails from the street, we tune in carefully to the songs of our drills.
It means that we sit and we wait. Or, if we are lucky enouph to have a warm place to nest, we
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
Wake me at $20.00
crazydik