GREY:ABGPF - Post by User
Comment by
1stRuleon Oct 29, 2015 4:29pm
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Post# 24240651
RE:RE:RE:down to a 2 month low today
RE:RE:RE:down to a 2 month low todayWith a set date for the PEA the price will likely continue to drift down until at least the week before the PEA is annouced. With no expectation of news or an event there is nothing to drive the price up at the moment.
The week leading up could go either way; if people anticipate a PP will be required then the price will go down further. If the expectation is that funding can be obtained through another method then it might well go up.
Personally not concerned either way at the moment; while I'm down from my average cost, I expect this one will do well long term. It was an investment, not a trade ;)
Just my two cents!
stack wrote: I realise its not just ALP, far from it, a very weak small cap market in Canada this year, that much is certain. But ALP has been in a downtrend for a year or more now, we need to break that at some point, or else even lower prices will come in the future.