Hi Vaughn,
I guess our good ole 'Doc Webb is the best guy to answer your questions.
I got my NR by email on the morning of 17th June. I was not aware it was already available in the late afternoon of June 16th. Apparently the lateness of the hour on the 16th precluded its publication on the usual news channels.
Your concerns regarding the uncertainties and unknowns have, IMHO, considerable merit. But apparently, many investors are hitching their wagon to the GMD star even though the latter might well turn out to be a mirage. But, mind you, Hope Ever Springs Eternal.....
But, of course, prudence/vigilance/moderation is key!
Hence a good number of investors are selling off at least half of their private placement shares to recoup their initial outlay and many others are buying in expectation of future good news.
I am not surprised if there is a big SHORT in progress: it happens most of the time to most stocks
(http://www.kjmcap.com/jtay/jt_nl-1096one.html). It is all in the game! Some folks believe that the brokers are churning the stock to maximize their commissions by getting one group of investors to buy and another to sell and so on.
Yea, many could lose BIG!!! It has happened even to many well-known successful market gurus, not the least of whom was one Bernard? Baruch who died a pauper.
But don't forget
1. Diamet and Aber Resources took a long, long time to become rewarding to many.
2. Many optimistic GMDérs like to believe that the Royce property may well host the biggest diamond mine in the world. Apparently, De Beers believe that, too. IMO, GMD does not seem to be as gung-ho on the stock because it does not want to be accused, sooner or later, as being unscrupulous promoters and hypers and what not.
3. No risk/pain, no gain.
Regards,
Richnorth |
