RE:RE:RE:Seems to be a constant supply of shares..Indeed LeMarcus, Lucky those with enough cash to accumulate large positions at these 10c-12c cheap price entry levels (which will become our new support level very soon) !!!
They are basically entering a de-risked project (high purity positive drilling results with enormous tonnage already confirmed) just before huge catalysts (anzaplan results, resource estimate, PEA, off-takes, development decision) at extremely cheap prices (7M$ market cap) for a fully financed company that will be worth AT LEAST 50M$ cap very soon.
talk about an unbelievable bargain/opportunity ! The return on investment will be enormous in a short period of time !
Happy silica investing to all !
LeMarcus wrote: Still very lucky to get shares in the open market, in large chunks at same price as intial PP !
Project has been quite de-risked since 2014. All the upside is in front, not behind.
So people buying now, are getting all the benefits without the long rollerscoster ride we have seen since 2014. Plus, they know the resource is there!
Some more drill results this month! Then, Anzaplan... than... at any moment offtake agreement partership and so on!
Sufficient Volume of resouce is demonstrated already! The Resource estimate will only confirm the volume of more than 60M tons with more details!
Also, there will be some promotion of the stock now! So, expect a big kick after Anzaplan results!
DoctorFouad wrote: wasluckyonce wrote: Don't understand why there is a continuous supply of shares at this price level...especially when we know what events are still coming... :(
IMO 10c up to 12c constitute a strong resistance barrier for the stock price.
We already broke the 7.5c-8.5c strong resistance range level through long months (september 2015 - january 2016) of consolidation and millions of volume of traded shares, and then we broke recently (just last week IMO) the less strong 8.5c-9.5c resistance level very fast through just weeks of moderate volume trading (february 2016).
10c-12c IMO is a very strong resistance level for the stock price (most private placmeents of the company have been done at this level), and we will need a lot of volume to break it.
I am optimistic this resistance level will be broken during the coming days/weeks through consistent and continuous volume in anticipation of anzaplan results.
Seeing level2, it seems then the stock price will be free to run up to 14c-15c that I expect will become our next strong resistance level (many warrants at 12c could start to be executed at this price, some but not all of these warrants will be sold in the open market for a small profit).
Then maybe 20c ? who knows.
But for now, we need to get rid of those cheap 10c-12c shares. Patience will be hugely rewarded, this is a multi bagger in the making. Happy silica investing to all !