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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 14, 2007 12:10pm
219 Views
Post# 13805976

RE: Huge, Averaging Down

RE: Huge, Averaging DownToday is not a good day to be trying to average down in my opinion. The recent price history of this stock is to have a strong run on the day good results are annouced followed by a continued move down within a day or so. I'd at least wait until tommorow to see a) If we close at the high today and b) do we get follow through on the move up tommorow. One big concern about today's move is the volume. I'd like to see more of it. Maybe if we close above 0.40 it may signal a reversal but I'd still wait for follow through.
Bullboard Posts

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