What's Next?Technically speaking, TUD is positioned for further weakness, and aught to test as low as 67-72 .. For it to hang in here the way it is, I find interesting. One never really knows. For the stock to be hanging in by it's finger nails allows MM's to play the stock to their benefit well. Is it being accumulated? Is this allowing shorts to cover? anyones guess. What we do know is the story just gets better every day and what we don't know, is whats around the corner. With PDAC coming, perhaps volumes pick up a little. With adequate cash to get us well into this year and financing somewhat sorted out, we are well on our way to a PEA this coming year. I suspect it will take another year of patience, and not a lot of change, unless we continue to find a lot more high grade this coming year, and/or we get a breakout in Gold. That remains our best possible outcome. A rally in Gold, with oversold commodities, will force the hand of many, and drive these stocks up multiple levels. If we are to do a deal with any major, it is far better to see the stock sitting at 3-4$ first, not lagging down at these levels. I am very impressed how AMK is hanging in.. My suspicion is we a see a small run on TUD allowing AMK boiler mystros, or shall I say shysters, to capitalize by pushing AMK back to 20cts again.. Back and forth allows these guys to make some cash playing Joe for a few dollars in both directions. Money is not made sitting on our hands.
Long on AMK ..