RE: How Bad will Tomorrow Be?LTTL;
The status of this project is not news to many. It is viable, but with money and better management according to both Orion Securities and the Scotia Group. The sell off today saw the stock settle near its consolidation point, probably between .50 and .55. Until better news and/or a real concerted effort by management, the stock will most likely fluctuate .05 either way from that point.
Longs probably have a great opportunity.
Others who want to be long may do well too. It is a great buying opp if you have the balls and time to wait.
The problem: This is a junior without much credibility right now given the story given today. They need to bring in some big guns with deep pockets and investor relations saavy.
I don't buy the crap about that FO is now a short target. It is far too dangerous to short if FO gets a truly solid partner to buy in, or take the stock out.