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Altai Resources Inc V.ATI

Alternate Symbol(s):  ARSEF

Altai Resources Inc. is a Canada-based resource company with a producing oil property in Alberta and an exploration gold property in Quebec. The Company has approximately 50% net working interest in an oil producing property in southern Alberta and 50% net working interest in a gold property in the Malartic Township, Quebec, which is at an early stage of development. The Company's properties are located in Canada. The Company has 50% working interest in approximately 240 acres of Alberta Crown leases in the Cessford area of southern Alberta. The 50%-owned Malartic gold property (named Blackcliff gold property by joint-venture partner and operator, Globex Mining Enterprises Inc.) consists of six map designated claims (CDC) totaling approximately 127.6 hectares (315 acres) in the Malartic Township, Val d’Or area, Quebec, approximately five kilometers (km) north-east of the town of Malartic and the Canadian Malartic mine which is Canada's largest gold mine.


TSXV:ATI - Post by User

Bullboard Posts
Comment by zetaon Apr 16, 2008 3:29pm
202 Views
Post# 14977817

RE: Zeta--YOU WERE RIGHT ON---QUESTION

RE: Zeta--YOU WERE RIGHT ON---QUESTIONHi Eagle -- yes, that was  a good shakeout  today- it bounced right off the 8 MA at 1.17 and that was good. Not too bad for a pullback, but cleaned the stock up nicely - The only question now is -- is this the end of the pullback? That is still a bearish candle forming today and I would want to see a white reversal candle before I start buying back in - I think tomorrow will be critical - recall - best on a pullback that the stock takes out the high of the previous day, so, right now, I would want to see ATI trading above 1.47 before I start buying - now, having said that - you can certainly take a chance and start buying, trying to catch the low - but  you never know -- positive today was that the volume was very low, so there was not a great deal of selling pressure -- So, breaks over 1.47 tomorrow and we are on the way to a new uptrend and higher prices. Notice also that the stochastic has crossed down, so it could mean more downside in the morning -- a good clue with the stochastic is to watch for it to start hooking up -- a good sign that the worst of the pullback is over . -- was not a terrible pullback today- only in the 45 % range, but this can happen in a hot stock -- like ATI -- do I think this is over -- not be a long shot !! I will post the ta and chart after the close -- good luck Eagle -- Zeta
Bullboard Posts