Mark, As I understand it, the 30 days are calendar days, not trading days. We must be getting quite close to that. I wonder if the folks at Naxos could use the home page to give us general updates on the progress on items mentioned in previous releases. ie. "Equipment arrived at Ledoux on... " or "Naxos estimates a review of trading status on or about ____ and a hearing to discuss full electronic trading within the next _____ weeks based on a 30 trading status above $3.00 US..." These are my words Mark, but this is what would we nice to get from the homepage. Any thoughts?
As far as any more releases, I think we can sit tight knowing that they can come at any time based on when Ledoux is comfortable with the analysis of the numbers. The pressure for absolute accuracy rises with each release these days so lets give them the time to do it right. However, they have the material, they have the equipment, they have the method, so it stands to reason that based on the deafening silence we should not be surprised at the possibility of news at any time.
I don't know how you feel, but regarding the Allen & Co. questions, I don't think we are helping ourselves talking about a deal that, even if it were moving in any direction, will by necessity be a VERY private and VERY confidential negotiation that we will all know about as soon as the deal is done, if a deal is done at all. (Just my opinion) We have all kinds of influential people watching the thread these days searching for "signs" that we are about to really take off into the double and triple digits.
We wouldn't want to have guesswork be perceived as "leaks" so lets leave well enough alone and let what will soon be proven to be the worlds largest gold, platinum and palladium deposit get the attention of whomever is interested. Is it important to us if "ABC" company is interested? Of course! Is it exciting to talk about it? Yeah, sure. Does it help Naxos no matter who they might or might not be negotiating with? I don't think it does. Again, just MHO.
Mark, does an order from one buyer for 60,000 shares necessarily mean there was only one seller for 60,000 shares? Couldn't there have been a total of 63,500 shares from 20 sellers waiting for buyers at the end of the day which were sold to one buyer for 60,000 shares and 1 buyer for 3,500 shares?
It would make less sense that one seller would be willing to relinquish taht large a position and more sense to me that a number of smaller investors don't mind raising some cash on shares purchased at $1.50 and sold at $5.50. Not a bad profit by any standard. I think there are still some left on this stock who believe that a $10 or $20 price will make them VERY happy. They might be in the minority, but they can sell their stock any time they wish - whether someone accepts 400% profit or 4,000% profit, they will never go broke making money.
Please feel free to comment.
Regards,
Tom F.
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