Re: Q&A-another view O/S shares GC
in response to
by
posted on
Apr 20, 2012 10:29AM
IMO the bottom line on this entire discussion is that our share price has been manipulated to death by a few institutions/traders that took advantage of Probe's rising value to 2.85 ,( a value that was based on solid rising fundamentals ) at a time of poor market sentiment for gold equities . Most juniors have been hammered down to a range of 10-30 % of their 52 week highs in the past 3-6 months and there was Probe like a sitting duck at its 52 week high and then the attack began when these vultures saw that the 2.85 was topping out.
Hindsight is great and too bad we did not forsee what the vultures were going to do .
I,myself , could not force myself to sell at the high as we were expecting news from the fold and an updated resource that was expected to be great . The vultures preyed on this .
Management has done great in the field, which has been so obvious and stated over and over ,but they must share in falling into the setup with the likes of BMO and a heavy price has been paid by all of us in where our sp has gone.
Think of it this way. The 2 p/p's raised cash that, based on the burn rate will last for 3-4 years. Why go for so much cash when you have a solid gold discovery and other assets ? This placed far too many F/T shares in the hands of the vultures and as a result we are where we are today,largely because of the vultures and all those free trading shares.