Larry, I have not posted here for a long time and while many may think that I have enjoyed my role as a "naysayer" there is nothing farther from the truth. I have not posted because a very dear friend, or someone I felt was such e-mailed to me, I believe in anger, and thus I am not holding it against him, that "Don't you get it Mr. Skeptic? _YOUR_ posts kept many longs in --". I wish someone would explain to me the rationale for such a statement.
The e-mail contained a number of other less than complimentary adjectives. Now, I am used to be called a "moron", a "turnip truck driver" (this one I actually like a lot), a person with some hidden psychological problems and what not. But that e-mail went so far as to equal my "false propaganda" to the Nazi Regime's lies about the Jews. That was a blow a little under the belt, even for a "callous" guy like me . So it took me few weeks to recover. During this period I have received a number of personal e-mail asking that I resume posting my opinions and a little more balanced recognition of the many hours I have invested in this thread trying to put some rationalism in the rabid bullishness that has been so rampant on the thread.
Some people are not going to like it (such as why are you posting if you do not own the stock?, to which I could respond if you already own the stock, why ashould you be posting?) and hopefully when the speculation gets out of hand few people will listen to rationality.
Quite a long time ago when the stock was vaulting the teens, I mistakenly suggested that the capitalization of this stock will be well above 40 MM shares before a single processing tank is in place. I think that this fact should now become self evident.
The last financing might have put a "temporary floor" to the price if for no other reason that the company always has and will continue to take care of the PP people by creating enough enthusiasm to raise the price to such levels that the PP holders can sell their stock to the public. They take good care of their PP's and they will most probably do such again, if at all feasible.
It is still my opinion that until and unless the company can show a profitable route to extracting the goodies, any "resource" calculation based on the old, the new, the improved, the even better than improved assay will be met with skepticism in the market place. I believe the stock will trade in a nice trading range from just under 1 to about 2 for sometime to come, and money can be made from such movements.
Zeev |
