re: Ann: High-Grade Gold at Frenchman's R...
This past few days bid/ask depth is very suspiciously looking like continual supply enticing the bidders. Continual feeding of the bidding volume without causing panic to the bidders and when there is a little bit of bullish crossing, the supply becomes more serious this time showing its hands in the ask depth.
Looks to me like someone trying to get out at the best possible price maybe to offset gains elsewhere.
Right from the start if management wanted to 'screw' existing holders they could have paid themselves heaps of free option but no free options were ever given to any of the directors. Yes, disappointing delays with "moon cross" geology which was the stumbling block with its anticipated plans. Bought themselves sometime with the third party tailings and much needed cash flow. As to why Alliance never focused with their gold assets, they have officially said that they were concentrating on U projects at the time. Whether this is an excuse, who knows. With an existing mill and historical production I invested hoping to gain from their quick gold production status. However I did not bet the house on this stock.
ORS Price at posting:
10.7¢ Sentiment: LT Buy Disclosure: Held
