Post by
chance_barkley on Feb 01, 2010 5:00pm
SP
Definitely looks like we've found our floor at the .40 level. Really nothing but upside from here. With a couple assays left and 43-101 out realistically around end of April/beginning of May it's looking pretty good for next year's drilling. However, I see a partner or buyout before then. One thing though, assuming good results for the 43-101, we do have some flexibility to wait for the right offer with enough cash currently for most the drill season this summer, if current drilling levels are maintained. Cheers
Comment by
robbie25 on Feb 02, 2010 9:19am
I wouldn't say that exactly....it broke it's 200 DMA on Jan 25.....that says that .40 could most definitely NTO be the floor.
Comment by
chance_barkley on Feb 03, 2010 1:39am
True. If not the floor then definitely bound by a range down to mabye the low 30's up to the mid 40's. At least till the 43-101 comes out. Gotta remember that PP at .40. How long they have to hold those shares for still? another 2 months. I can't remember. Anyone off the top of their head?
Comment by
onbradley on Feb 03, 2010 1:31pm
No one from the PP is going to sell at these prices. It's mah and pah retail retiree from Sudbury liquidating their $1500 positions because they think it's over. Look at the volumes. Acrredited investors know better.