Rand,
Yes... I am also concerned, but not panic stricken.
The amazing thing is that, given the news releases of
August 29 and Dec 10, there has been no significant move
in the stock price despite the (almost) indesputable proof
of the existence of PM's at Franklin Lake.
As has been stated previously here, there is also the
possibility that many potential buyers have been involved
in the recent private placement and therefore, taken out
of the market. If this is so, we should see a bounce when
the PP is completed (assuming that it hasn't already been)
Hopefully all of the necessary assay work will soon be done
and a full "certified" report issued. Then finally we should
be on our way. If that doesn't move the price......
On the other hand, this may be a buying opportunity like we'll
never see again...(un)fortunately, I'm loaded to the gills
(I also have enough Naxos stock)
The real problem, as stated by a friend of mine, is that
this stock has been scrutinized to a much greater extent than any
other stock he has ever seen. We (shareholders) constantly seem to
demand updates and comunications from the company. I work for a
large corporation and they are not expected to constantly update
shareholders on the status of development efforts. Yet we (yes, me
too) seem to want weekly (daily ?) updates ...
As hard as it is, we must all be patient. Perhaps I'll read this post
and remind myself too when I feel the need for news.
Take care all and have a nice and safe holiday season...
Paul
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