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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.


TSXV:EDM - Post by User

Bullboard Posts
Comment by Kruzer70on Nov 08, 2007 10:13am
102 Views
Post# 13775451

RE: The reason why SWN SP is falling

RE: The reason why SWN SP is fallingJoe, were you on vacation in July? In case you missed it, the stock price had been in a short term uptrend since late March. In early July the company reported great drilling results including some high grade intercepts and the share price jumped. Right after this they announce a share issue and the share price reversed right away and has been in a decline since. This would seem to blow your thesis completely out of the water as here we have an example of drill results improving the quality and quantity of the resource and yet a share issuance was able to not only nullify that news but totally reverse the price trend. If you seriously belive that the market is going to absorb more SWN shares you are crazy. Again, you confuse the value of the deposit with the value of the company.
Bullboard Posts

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