GREY:GULSF - Post by User
Comment by
snafuron Jan 10, 2008 6:17pm
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Post# 14184333
RE: Level II very Bullish
RE: Level II very BullishThe question was not IF Maria was going to be drilled, but WHEN.
It was open if it will be drilled in Q1 or we would have to wait until Q3/Q4. SP was not dropping to the $0.10 level just because of the possibility that we will drill Maria the next weeks.
Waiting nearly a year for the next drill without news would surely result in a declining SP.
Now we have a confirmation that it will be drilled in a few weeks.
Look at the volume, market thinks the same and welcomes the confirmation.
I got back in as soon as I got notice of it.
But I will continue to watch the NS action very closely, there is still a possibility that it will be postponed. Experienced a bad weather situation the last days again, which prevented release of the Galaxy II from Ridgewood.