With the world economy the way it is, I would supsect that JR may shelve Aguila until the economy turns around a bit or find another way to show the value of the Aguila property. After spending all that money on drilling and proving up a huge indicated resources at Aguila why give it away. I for one would like to see it go for its true value. I am sure JR can sell Aguila for dirt cheap to Penoles, but I am pretty sure he will wait until things improve. I would think this is the time to start drilling Inchuna especially with the interest in gold and silver lately. I would think the majors surrounding Inchuna might be interested in what is in the ground.
As for the SP, I don't think JR could have moved the SP even with all the promoting in the world. I seem to remember about 5 years ago when they just sent out a NR that they might be drilling and the SP hit the roof. Gone are those days. Now we send out a NR and the SP goes down because all the big investors have their money in cash and that is where it is staying until this crisis is over. We can not fault JR or the BOD, IMHO.
From what I understand from my DD Penoles is still drilling full blast (6-8 drills turning). Maybe Duran can interest Penoles with Aguila another way rather than drilling another 20 holes to prove up the resources, which will be really expensive and further dilute the SP. Most majors will know what is in the ground based on the holes that are currently drilled.
As for the comment (by someone) on an earlier post about JR and Steve B. working for APM, maybe this is a way of sharing the limited $ and hanging onto some valuable employees that have worked hard for Duran to get it where it is today. Yes I also agree that I would like to see them working 100% for DRV, but this is not a reality. Most insiders work for multiple companies, it is just he way it is. Maybe the stock price does not reflect all their hard work, but they have already indicated a huge resource at Aguila to date with only more potential once they can do a PP at a reasonable SP. Just maybe they are all working very hard behind the scenes creating potential PP or JV agreements. Time will only tell. I would think that we will here some new direction for Aguila or some of the other properties at the AGM. IMO
One positive thing we have to look at is I have not found DRV insiders selling their shares during my DD. Most recently I have I seen the purchase of new shares & warrants by JR and at D Hamilton (750,000) total. Let me add this up, insiders not selling to date and as of June 4, 2012 they are purchasing additional shares and warrants. IMO this is positive. They could have sold shares many times over especially when the SP hit near .40 cents and insiders could have made all kinds of money.
Now this is maybe a stretch, but just maybe JR and the BOD do really care about the lonely little investors and they listen to what is posted on these and other boards. I think it was us little shreholders that propelled DRV to the 3.00+ range just over 5 years ago and IMO we are the ones that will get it going in a psoitive direction again. Institutions have their places, but they can also manipulate SP to benefit themselves, especially when they can see an opportunity for a low PP, IMO.
IMHO, we may be due for some positive news shortly, probably at the AGM. Maybe we will here some news finally about drilling Ichuna, our gold and silver property or maybe some JV with one of or other properties.
Good Luck to all!