RE: RE: RE: The PP Was .38 CentsTake a little visit to the implied sure thing pumping that was recently going on as shown in the link below.. What does Western Rookie have to say now?
He implies that because the management took out a bridge loan for the initial drilling, they really thought they had this one in the hand. There are some truths in the report but IMO half truths may as well be called lies.
Objective reporting would normally want to present the benefits as well as the risks...Those who lost out, don't be too hard on yourself. You were influenced by cunning professionals who want your money.
As always, in the market place, fully believe almost no one and do your own DD.
https://www.stockhouse.com/blogs/ViewDetailedPost.aspx?p=94023
I will buy more EC on any early dips on Monday for the purpose of playing the volatility..nothing more. I think that unless some good news occurs to restore some confidence in management, the share price could slide to new lows over the summer.
Money will run out as well unless some cash starts flowing in, or some great results surface.
Until the drills are turning in the host rock and along strike of the major geological alterations that led to the FDN deposit, we are not moving forward very fast imo. They know that are are looking to drill in the norther quadrant where the host rock occurs at a smaller depth.
The big question is how much risk to assume to recover paper losses in a hurry after a sell off. For me, I like to go 10 to 1 if i am confident about an over sold condition in a company that I believe in. e.g. for every 1k of paper loss, i like to grab 10k of new shares to quickly recoup any losses.
For a practical example
For 1000 shares at $1 that dropped to $.40, the paper loss is $600. If one now buys 10,000 shares at .40 and the shares quickly rise to $.60, they have a net gain of $1600. ( i.e 11000 shares for a total cost of 5K, which is now worth $6600. when the 11,000 shares are worth $.60)
Do your won DD. Some would call the above approach about as wise as catching a falling knife because the sp can keep dropping as much as it wants.
The key determining factor for me is the fundamental value of the company and the projects. If they are there, the oversold condition will quickly reverse imo.
What are your thoughts?.