GREY:CRXEF - Post by User
Comment by
Durkastanon Sep 17, 2010 9:15am
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Post# 17459974
RE: next week maybe?
RE: next week maybe?I really hope management doesn't drop the ball any more and let the SP fall any further. If we don't see a NR soon we are heading back to test the 0.86-0.91 levels.
Honestly, why do you care if it drops back to the 0.86 - 0.91 level? In the grand scheme of things it doesn't matter if the SP is 40 cents or 1.40 for the next month. What matters is the ultimate goal of seeing the potential of this play being realized, which to me means seeing at least a few multiples of the current range.
You may see some swings in the market value of your PA, but what do you expect from mining juniors? If you can't handle volatility, you shouldn't be investing in companies like these - period. If you want to day trade, then you shouldn't be complaining either - you should have booked your 10% on the swing a couple of days ago and moved on.
These guys have some of the nicest grades over very respectable widths that I've seen from companies of this size. The potential is there, but it isn't going to happen overnight. Like any company with limited resources, delays are inevitable.
Chill out, and wait to see whether management delivers or not. Another week isn't going to kill you, and isn't going to change the fundamental value of this company.