Searchlight Innovations Inc T.SLX

RE: RE: RE: Sunwood has risen?

[sunwood]

     Yes, I remember when GPR was around .70.  It just didn't seem to go anywhere, as you say like SLX.  But they seem to have come unglued a bit of late, due in part to lower ore grades I believe.  I'd be nervous playing around with that Company's shares at this time.

    I think your point about the low 70's being a probably good re-entry point for SLX sounds good.  Contrast that with the approach being taken by Curvature, who says he won't get back in until the share price drops back into the 50's.  The trouble with that in my opinion, is that unless you get wind of imminent good news in time you could be left out in the cold waiting.  However, I suppose he can always change that by jumping in after the horses have left the gate, and that may not be such a bad idea either.

    Do you have any thoughts on the recent proposed take-over of  Northgate NGX by AuRico AUQ?  As expected, AUQ's price dropped on the announcement.  How long before we see that get back to where it was?

    And what will become of highly-hedged Primero now that Northgate has dropped its deal with them.  Primero gets a hunk of change as a default payment out of the deal, but where will they go from here?

Sunwood
ps Yes, I have always looked upon TA as a tool.  Even if it is sometimes a case of self-fulfilling prophecies, it can still be useful.  It's like having the enemy's secret plans.  For one reason or another, they may never come to anything, but at least we have some inkling in what direction things might go.