GREY:JNRRF - Post by User
Post by
Windrunneron Oct 12, 2006 12:09pm
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Post# 11493313
not bad news
not bad newsGrab samples from my take are cheap methods of exploration and help a company define areas for future drilling/exploration programs. These results would indicate they may have found a "nugget", nothing substantial but worth it for them to add additional properties to their portfolio.
As for the $1.30 barrier being hit, right now I'd like to see it close today around that level which would help break a down trendline. If that happens than 1.30 could become a memory down the road.
Bottom line not bad news (not enough to get it to 2.00 right now) but definitely shows the company has something of interest. If they get some good news from the eastern Canada area than we have a company with some great potential to the upside. IMHO