Re: Q: What does it take for this market to reward a successful junior developer?
posted on
Nov 29, 2011 02:37PM
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"Kimber's shares slumped today to a Year Low price following yesterday's excellent drill results." -Baires2
It's frustrating isn't it? It seems the new mantra is "sell on the rumour, sell on the news...especially if it's good!!!"
It's almost like the market saying "Oh great...somebody found even more gold. That's sure going to dilute things even more in the big picture. Thumbs down to gold and Kimber then."
I look at things with a macro view. The entire world (and the U.S. dollar) are telling us what gold is worth and the ten year chart proves it. When you have a stock (digital money I call it) you are hoping the rest of the trading world sees it the same way you do. As we see with Tyhee (and Kimber et al) we have a small market telling us what they think it's worth. I mean, KBR is averaging 50K trades per day on the buy AND the sell side. Tyhee at .10 cents a share is not doing a whole lot better, volume-wise, on any given day. You can bet there are not 50K people buying and selling gold bullion per day. The whole world is watching that one.
Which brings me back to my point. Unless we have a larger audience, we don't have the attention the stock requires. The only way to get that attention is to prove the Yellowknife Gold Project is the rest of the iceberg that got left behind during the first gold rush. And how will that be proved?
We will all know the answer to that one by mid 2012.