Dave,
No question this is not what anyone expected - the company, the prospector, the drillers, or North American Palladium for that matter - they may have missed it or the original assays were not accurate. I assume check assays on the original #9 would shed some light on this. Regardless, more work is required to determine the potential of the Tib Lake intrusion.
The stock may have traded down to .18 as one person sold at market, the bid was .21 on close and there were 25,000 on the bid at depth in the .20s. Only 38,000 shares traded, none after the news ...hmmmmmmmm.
"If one advances confidently in the direction of his dreams,
and endeavors to live the life which he has imagined,
he will meet with a success unexpected in common hours......
If you have built castles in the air, your work need not be lost;
that is where they should be. Now put foundations under them."
Henry David Thoreau
Put it this way, the foundation is stronger than you think - a lot of good people believe in this company - shareholders, management and others. Stay tuned.
__________
P.S. (For Dave's eyes only) I have been reading your SOE posts with interest and I must say the discussion is amusing. The more appropriate 'bust' is coming - vse surveillance is all over SOE and the insiders in particular, next its shareholder lawsuits, why do you think Ralph waited two years to report his insider day trading a couple of months back, etc., if you want to start that discussion with me you will be getting more than you bargained for. Have a nice day and good luck with SOE. My money is staying here.
DRT |
