There's nothing solid about this market when it comes to junior resource stocks.
It seems that most investors are de-risking their risk mindset.
It's hard to believe that Levon is sitting at .45 cents and a corresponding marketcap of $90 million notwithstanding $52 million in the till and the world's 7th largest silver deposit.
We can all post ad nauseum about the whys and wherefores but as Ella Fitzgerald says, "It don't mean a thing, if it ain't got that swing."
This market definitely lacks swing.
We are currently stuck in junior resource neutral with the occasional rollback.
There are many things going against our resource market but the biggest thing is the most obvious and this is a lack of sustained buying power.
Imo, any penny volatility is the result of daytraders looking for a quick fix.
This current market is non-reactive to positive resource related news.
Like an ostrich that sticks it's head in the sand, so too are today's resource investors who have stopped taking notice.
However, an ostrich in flight at 40 miles an hour is a joy to behold.
The market will turn for junior resource when it's ready and it too will be a joy to behold.