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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 10, 2007 2:37pm
155 Views
Post# 13788459

RE: Who are these sellers?

RE: Who are these sellers?Tax loss selling? Warrant expirery? Sure it's possible but this thing has been in a downtrend for months. It is more likely that this price action is due to a lack of buyers and a bunch of current shareholders looking to get out. Anyone who has bought this stock in the last two years is under water unless they had the sense to take their initial investment off the table during the run ups.
Bullboard Posts

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