Mr. Kovalchick, This is why MINE must work much harder than any other company. The opinion in the market/press of a company that announces the "worlds largest" anything, will be scepticism. After Bre-X the
"proof" bar has been raised a good 20 notches and internal drilling and sampling is way down on notch number 2 or 3.
Talk to any of the serious, big time analysts and they will tell you the same thing. Until their is complete third party testing which means independent drilling, bagging, sampling, lab testing, (start to finish) no one of import in the market will take the deposit seriously. When you add in a "world's largest" claim, you can add even more pressure and scrutiny.
It's easy to get individual investors into a stock. It's a whole other matter to get the market and large institutions to jump in. Large investors would much rather pay $20 for a sure thing that is proven than $2 for an, as-of-yet, unproven entity.
I hope for yourself and everyone invested in MINE that it all works out, but we should realize this could take quite a while before an extensive third party drill and testing program is completed and without that, that market will continue to characterize this stock the same way the article you posted just did.
An SEC halting does NOT help. Anyone who thinks this is a GOOD thing needs some smelling salts. It is a hurdle that may or may not be cleared. Let's hope the GE reports are in order enough and can be clarified to the satisfaction of the SEC.
Thanks for the post Mike. A market opinion reality check is good for us once in awhile.
Tom |
