Yes you are correct on the "expectations" angle. I am sure a lot of the CXO holders were expecting a batch of assays siumilar to GTT's and when that didnt materialize it was wholesale selling. That combined with weak gold performance of last couple days and general fickleness of the market and you can get big down days like that. Same deal happened with ALTA today dropping 5 cents in last couple hours of trading. Some guy at TD dumped 781,000 shares into a pretty illiquid stock that has less than 40 mil out and usually trades 100K or so a day. I had just bought 50K of them to so that sucked. Going to add some more in the morning before it bounces back up.
ABN has been very good to me so far and that's why I held onto a piece of traders for the assays. If that 20 meters comes back at anything over 12 grams pt or so it will be game on at the ticker. Being as the 20 meters was rush assayed we should see that prior to the rest of the results. If it is good it will build peoples spec interest and we may see a run into the .60s or 70s. I will hang on to my PP shares until next season because they come free at worst time of year to sell , tax loss season. Be watching then for a chance to buy back in on the cheap if PP holders decide to liquidate stock and hold warrants. I know I will be watching , I have been steadily accumulating cash for one helluva major shopping spree come December.
Your comment on AMK vs TUO is right on the money. TUO has far far more assets than AMK including a million dollar a year income from JV payments for next 4 years Several great properties under JV agreements which are being explored at no cost to TUO and a very tight share structure. AMK with over 250 mil out will need a couple NASA booster rockets to get it off the ground. I have not been as keen on a project as Treaty Creek since way back when GTT did soil samples on their Saddle Targets. :)) Frick I am having another great year ! With a little luck my Portfolio may make it to a very lofty goal I set for it 4 years ago , if I reach that goal it will be a 850% gain in 4 years. All I need to get there is for TUO to hit .54 cents or better and rest of litter to hold there own. I like my odds.