TSX:SRU.UN - Post by User
Post by
Bartstaron May 13, 2007 9:51am
380 Views
Post# 12772653
could be, but I doubt it
could be, but I doubt itnew Ceo driving the price....maybe 10 cents or 20, but to this level, I doubt it...
New PR company, could be they have connections to big pockets, but I doubt any big investor would move in this big just on a word.
Valuations...what happened last week or last month that made this change being worth 50 million....to 200 million. Nothing but the market is willing to pay for the shares or so you would believe something good is eminent. Could be.
Most likely though, someone with some serious cash, is cycling the stock up, so they can get a return on their investment before letting it go. Gotta remember how many PP's were done under 1.00. heck when I last owned the stock, there was only 60 million shares outstanding...now 200 million....oh my.
Trying to remember who promoted it at that time...you know the know it all about the company guy that posts every ten minutes monday to friday with all the juicy info, that ya want to hear.
At any rate...careful on monday, might see the cycle get some support for a while above 1.00, while the money unload begins. If not she'll drop like a rock. Can't see the cycle rising again on Monday as there is just too much communication these days to support a long term cycling project.
Course, if there is legs to this run that we just haven't heard about yet, then all bets are off. I just don't see it. The share price is at .25 a share and someone offers 4 times that amount or more for the project. Highly unlikely in my opinion.