TSXV:VER.H - Post by User
Comment by
avandalayon Jan 26, 2011 5:40pm
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Post# 18031290
price action
price actionI am assuming a 35-40% spike in the close when they announce the JV. I also assume the financing announcement will come with the JV announcement. Also assume Firetrain will be back at higher prices...lol
A good example is Selwyn Resources SWN.V a Yukon zinc play....they announced a long awaited JV financing and agreement with their Chinese partner and the price spiked from $.18c/.19c CAD to $.25CAD.........always suprises me who is buying after the news has been pending for a while.....I guess I have a higher risk tolerance than some buyers on the news.
Also, this is illiquid and there aren't a ton of shares in weak public hands so a higher spike isn't off the table.....iIMHO.
Art