I am very confident ibwaiting. With so few deposits in the world, it's not logical that this won't happen. That's a double-negative. It is logical that this will happen. Buy low, sell high!
Shareholders are worn out from waiting. I've been a shareholder for over a year and a half but I've been buying a lot more lately. I've gone through this waiting with a lot of companies and haven't lost any money yet. Ollachea is a better resource than most of the others I've been involved in.
I don't think they're suckers who are buying. Mostly Peru buying. I know for a fact that at least some of the advanced finance discussions have happened in Lima, Peru. One reason for confidence is because we know why the selling occurred. If we didn't, that could be a potential cause for worry. By the way, have you called Minera IRL lately? Did they say anything to you about the level of finance discussions?
You can 1-read the presentation to see Miton's ownership amount last year, 2-read about the fund manager that oversaw IRL at Miton's departure. Both of these facts are easy to find. Then you may be able to find out through experience and research that Miton uses Dundee as a broker and it's easy to see that Dundee is doing the selling. 3-Then try to talk to the right people as I have (I won't give names) who can confirm that it's Miton who has done almost all the selling these past 6 months or so.
Once financing is announced those few shares that Miton has left will go within hours, or maybe minutes. Buy low, sell high!
Miton's still selling because their fund manager left but someone's buying. So we know that's the reason for the selling - they don't have anyone at Miton who knows this company. Over a million shares again on TSX today. This all looks good for Minera IRL. It looks like it's people in the know who are buying.
Can anyone here do arbitrage between LSE and TSX? There are buyers there and it's best if the opportunity is taken so we don't have such a big gap like we did a few weeks ago.
Breadman - sell it on TSX - lots of buyers there.
If Minera never had the gold, then why does Macquarrie still stand with their $100 million offer? That is serious money and even in itself, it's proof that the gold is there. I'm filling my boots!
You've got to watch the TSX and who's buying. Over a million shares bought mostly by the same person/institution in the first hour this morning.