RE:RE:RE:RE:RE:House 016
TRANSTEER wrote: DON'T forget the SHERMAN ESTATE HAD 40% ownership of the company. i DON'T EXPECT THE PRICE of the stock to go anywhere until the estate shares have been dealt with.
I would tend to agree with your assessment. The recent seller has been patient enough to let the bids build before unloading the next batch of shares. Thus keeping downward pressure on the stock to a minimum.
The resource figures are a constant. There is only one direction they can go with this drill program moving forward. A huge hole or two would be welcome news.
I speculate 40% of the cost of drilling may be paid by the estate. That only makes sense to me. If that's the case, and with recent decent drill results, holding on to your cards appears to be the logical way to go.
shirtless - have another look - sent again