TSX:SGR.UN - Post by User
Post by
marketmineron Sep 30, 2007 4:24pm
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Market perception can change in a heartbeat
Market perception can change in a heartbeatNOT was at .40 a few weeks ago.... PRB was in the mid teens.... suddenly the stellar results propell these jr's into the stratousphere with jsy a few holes....
When the volume picks up you know you have the attention of the funds and brokers.... eventually they will make up lost time for the longs here.... Market cap should bloom into the 500 to 600 million range for the fall rally. News on sustained production tonage, grade and production costs will add to that based on the numbers.....JMHO
I don't put much hope inthe new 43 101 driving the price, broker sentiment and endorsment of the project will, they will load up themselves first, then they will bring their clients in to push the share price up.... right now it will be about positioning.
Watch who buys and how much as well as board lot size.