Of course it would be nice to hear news, but I have to differ with you about rushing out a PR...
First off, if they are producing gold 16 hrs. a day every day, then they are pulling out TONS of rock. It takes 10 days to get the assay back, meaning at best they have the results from the first few days. Now, if they have GREAT results and rush out a release stating such, there would still be lots of ???'s, since the sample would be so small. To compile the results for a sufficient amout of time to decrease the margin of error on the results is a much more wise move. What if the first few days had amazing ozs/ton, and then a drop-off was seen in the upcoming weeks/months... you guessed it, the co. would be accused of hype and misleading investors.
Give them time, if you feel comfortable with the steps the company has made so far, moving from near bankrupcy to a producing mine with huge tracts of unsearched land, then let the company continue it's due course. If you feel that news is needed to validate your investment, sell now, spare yourself some trouble, and buy back when the announcement is made.
BTW, the anticipation of this announcement will only continue to drive the price. The announcement could send the stock either way. My opinion. |
