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Tony
You couldn't be more wrong. Me suggesting that there is a seller holding back the price is not me deramping. It is just me pointing out what i see and i'm certainly not the only one with this view. A lot of people suggested that Leslie snr sold off on insider information but i was not of that view. What i am guessing and that is all it is is that he has continued to sell down the remainder of his 22 million shares which has held back the share price after excellent news from the Company. I am a substantial shareholder here and like others mystified as to why this share price is not advancing. Not trying to convince anyone but just putting forward a view. i'm sorry if you feel that only the select few can post on here.
I'm not trying to blindside anyone or ruin the investment board. I'm looking for reasons that this share is being held back.
Stacegibbs
Sorry you have such a closed mind about the possibility. Maybe just maybe i'm right about this. I follow the trades very carefully in this share and have been and continue to be a holder since before the first mine was built.
Agreed the volume is not that great but it has been going on for some time now in blocks of 50000 shares.It has been obvious to me that there has been concerted selling certainly for several months and probably a continuation of Leslie selling down his holding of 22 million shares which of course wont show up on Morningstar's report.. I have been in this stock long enough to know when there is a seller about.
Well that would make sense based on last years poor production numbers but of course with production dues to rise considerably this year finding that $25 million won't be so much of a problem.Yes some finance will be required but not on the scale you suggest.