TSXV:ICAU.H - Post by User
Comment by
angler21on Dec 05, 2007 6:58pm
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Post# 13922128
RE: Rouston Picks
RE: Rouston PicksI always find his picks interesting. Bid was for 1.08 today (600 units 2 persons) and ask 1.10 for 35 units. Price never came down and it was those who paid the ask price. I only one other time saw him ever use #1s before amd that was for Mansfield Minerals. At that time it was just before the Feb show and very quickly the price moved up. His numbers are very much related to selling price. Geodex is a priority 1 at $1.02. We are a little above that price but I believe it should be doing better. Brian Lundin listed Geodex in his Nov Newsletter when it was at $1.20 and said it was one of his top buys. The scoping study certainly supports his view.
Then the world steps in. Fears of recession, losses in so many companies - no recent news (if you follow the old two week rule for news) and you see the slide back. I think this is a terrific company - already a resource estimate for a mine life of 32 years. Company is close to transportation, hydro, work force etc (not like galore creek) and this company has a good chance of making it. Anyway I bought some more shares today. Not alot because I already have some but I replaced some I sold.