RE: Happy HolidaysI wouldn't give Newfie too much credit on his call. The
overall junior mining sector is down. He is calling for 3 bucks in Aug 08. When
BTC starts drilling a few properties early next year we’ll see what they hit.
If they hit something then he blew the Aug 08 call. If they don’t hit anything
and King lake comes up short then you could say he blew the call again. The mining game is based on hype and drill
results.
The part I can’t figure out in the mining game is how does a
CME.V get a larger market cap then BTC. If
Newfie is as good as you think he is then maybe he could answer that one for me because I sure
can’t figure it out. What's the answer to that one Newfie oh wise one?
The only possible theory that I can come up with is that
all those people who exercised those cheap warrants this year now want to cash
them in for a small profit. I guess a profit is a profit ,small or otherwise.
I never though BTC would be under a buck. Once Westwind stopped supporting it, down she went. Even though it sounds crazy, I do think that they should put in a buyback program to too ease the pain for those shareholders who bought into the latest financing and paid over a buck for the shares. I haven't seen any solid price support but that's JMHO. If Westwind step back in then maybe the bleeding might stop.We seem to be in the new lower lows pattern.
MM