RE: Thoughts on SRC or DeBeers news first?Frankly, I would prefer DeBeers results come out before SRC provided they process in the same manner as did SRC. If the price drops, I plan on picking up another 100,000 to 200,000 shares depending on how low the price goes. This would further average down my sp. It appears plausible that the pre-processing of the initial results by SRC
may yield good diamond counts. That being said, we could see a nice spike possibly into the 30 cent to 40 cent range. DDN jumped by 50 cents a share on their news then retreated.
I don't believe we will see the sp drop as drastic as March 4th on poor news (DeBeers first I hope) shareholders expectations are more conservative this round. None of the silly $10 sp I'm going to be rich pumpers. That's what caused a major sell-off, everyones expectations were were dashed. That combined with all the silly hype over PDAC didn't help any and of course, the pumpers.
If SRC yields poor results again then some of us will be loaded up for the next round and wait for the additional mud lake hole sample to be process and the remainder of the 2008 drill program.
Best of luck and may may you prosper.