Adanac Molybdenum Corporation AUAYF

RE: I expect AUA shares to overreact to the...

[xdmmdx3]

stocky3: "I think the market will react appropriately to the downside. I see this stock getting absolutely hammered tomorrow(although I hope I am wrong). This latest news release confirms the situation is dire. If they don't get money very soon, we won't have much to talk about except who will be taking us out for pennies per share." ************************************************************************************************************************************************************** I disagree. The market already reacted appropriately with the fact the financing didn't arrive in a timely manner. That is what drove AUA from 85 cents to 65 cents. The smart money knew there was trouble, although come on now, wasn't it obvious it would be very difficult to get financed easily in these market conditions? Now the dumb money will take over and drives the stock to stupid levels. I didn't need a news release to tell me things were dire, (as you put it) all I had to do was read the news just about anywhere. As for pennies a share, do recall this is a permitted property with 10 billion dollars of reserves, and possibly much more. Not sure what a company would trade at with just a permitted resource of this size, but I doubt it could be much lower than Adanac is already trading for. In essence, I'm saying the market has just about ruled out the odds of getting the financing and production. Anything contrary to that widely held belief would/should make this stock shoot up in an insane way, is my guess. Good luck to all, x