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Bullboard - Stock Discussion Forum Channel Resources Ltd V.CHU

TSXV:CHU - Post Discussion

Channel Resources Ltd > 91000 shares were bought
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Post by stock2008 on Oct 28, 2010 2:27pm

91000 shares were bought

Something must be going on as 59 is still buying a massive amount of shares.  They haven't sold many.  I have been watching them for about a month now.  Maybe there is news to come.  What do you think?
Comment by ds760 on Oct 28, 2010 2:41pm
They bought at least 200k that I noticed. Could be more. Something is happening. Load up and ride the rocket over a buck!
Comment by Traikin on Oct 28, 2010 2:43pm
Management was reviewing the brine result report perhaps an economical method has been found or rainy season is over and they are gearing up a drill program in Africa.
Comment by ds760 on Oct 28, 2010 2:57pm
Rainy season ended a little while ago.  This thing is just the beginning.
Comment by mrcashflow on Oct 28, 2010 5:41pm
  Exceptional day today, as we touched another  fresh 52 week high. This companies share price  has been surging the past few months, and I'm certainly not complaining at all. However the fundamentals of this company have not really changed, other than the recently over subscribed private placement. I just think it's speculative money moving into the Burkina Faso plays ...more  
Comment by mr_speedway on Oct 28, 2010 10:22pm
Glad to see you've still got an eye on CHU, mrcashflow. That makes me that much more comfortable with my positionand patience.Cheers.Mr_Speedway
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