GREY:ALXDF - Post by User
Comment by
LRGreturns4meon May 28, 2017 10:37pm
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Post# 26294368
RE:Fwiw.......
RE:Fwiw.......I keep thinking the triangle too results will come the first week of June, maybe this coming week. The 4,500 meter drill program announced on February 8th should be complete with most of the assays in hand. We have had results of 12 holes since drilling started at Orenada as announced on January 13th so one would think at least 9 or 10 holes haves data returned on the triangle drilling.
High grade gold in a few of those holes could be the catalyst to push the sp back into double digits for the long haul. A short covering rally will likely see some of the FT shares selling into it. I thought we would see more pressure when those came available in late April but maybe the Sprott clients were advised to hold them supported by the ES investment.
Orenada is is turning into a nice project, if the strike continues to extend the shallow gold begins to become significant. They are putting together some nice results. Let's see what happens with the shorts, it appears to be bad timing but who knows. If they play games and push the price down too low, I'll have to pick up some "traders". Meanwhile I think each NR this summer will make me smile. GLTAL - LRG