In my 25+ years of speculating in pharma, tech and mining, i have never quite seen such a gong show lol.
Clearly there are many retail investors in this specie, and many are likely underwater and over exposed relative their net worth. Emotions are running high
I too have been in this game for a long time and have never seen this type of reaction to a stock. Having a merry band of pumpers is not unusual but it is very unusual to have the size and magnitude of anti-stock folk constantly bashing a stock. If I don't like a stock I simply ignore it. This constant full force bashing of one stock within a sector is very odd. But yes, no doubt many have a heavy weight on their portfolio on this one but the reasons for that remain in place.
The main concern i have is whether or not management is capable or competent.
For those who have spoken to AE (I am one of them) and to Dr. Charar, there are no doubts about this. What has always been questioned is the particular "cone of silence" type of approach taken since just before the 43-101. This approach provided opportunity for detractors to guess at issues/problems and the feeding frenzies ensued. AE has never pandered to institutions or retail, it is his approach. Even the bullish investors don't particularly care for the approach but it is what it is.
With the broader markets and more specifically clean tech doing well, it is really up to management. and it is up to Mr. Eveleigh and his crew to sell this to smart money and industry stakeholders.
Many would argue the stock is already in 'smart' hands. AE has stated that between insiders and close associates, etc they hold over 50% of the stock. AE has also stated that 'no one will make a move until the PEA is released". He has stated to may that this is the trigger point for industry stakeholders to step up. On this point we all agree - the time is now. There are no valid reasons for excuses or long delays at this point. Even in his latest interview he stated, regarding financing, that 'funds are not an issue, we have had offers'. This ties in with his previous comments that any financing would be 'strategic' and not a pp. I say this to merely point out that the timing aligns with the PEA trigger timing. It all points to the here and now.
Large government support, all the NDA's, now the costs are known - time for action. |
