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1844 Resources Inc V.EFF

Alternate Symbol(s):  EFRSF

1844 Resources Inc. is a Canada-based exploration company with a focus on the metals and underexplored regions Gaspe, Nunavik, Quebec. The principal business of the Company is the identification, exploration, and development of mineral properties. Its projects include Vortex, Davidson, Native Copper, Lac Arsenault, and Lac Crystal. The Vortex project is a copper molybdenum exploration opportunity in the Gaspe region of Quebec and is the site of the former Gaspe Copper mine and smelter. The Davidson project is situated in the Chibougamau Region and is part of a 50/50% Joint Venture with J.A MacLeod Exploration. The Native Copper Project, situated west of the Municipality of Chandler, Quebec, is composed of 4 sectors Native Copper South, North-West, North-East and Central and has nine known indicators: Ruisseau Bleu, T.Nelson 1 and 2, Riviere St-Jean South, Route 102 S-W, Jean-Baptiste Beaudin, Ruisseau Cantin, Fer a Cheval 1 and 2, and Triangle d'Argent.


TSXV:EFF - Post by User

Bullboard Posts
Post by hotrokon May 23, 2008 10:16pm
390 Views
Post# 15105961

I dont think so Bogi

I dont think so BogiIf there is one thing this company has done really well, in my opinion, is keep info on NRs tight-lipped.  A news release any time soon is imminent.  The low volume activity you're seeing is simply people holding their cards close to their chest and waiting.  The key here will be that we get news soon before the excitement is lost and people decide to take their losses and move on.  This has happened a lot since GCR had their run up from 20+ cents last year; so if you've been following GCR long enough, you'd know this is a normal pattern.  Look at the volume traded before it took off last year and you'll see that it happened over night; in fact, RH was selling shares a few weeks before the run up.   The other thing is that some people rather sell before the news and either take their profits & run, or swallow any losses and move on.

In my opinion, if we get a positive update on the visuals from one of the deep drills before the excitement dries up, this thing will go over $2 in no time.  If the update is not as good, it will probably go back down below $1.  If they wait too long, the NR would have to be significat to see any movement but if it's just OK or not as good, the SP will suffer. 

Take a look at the thread of NRs last year and you'll see that one of the things they didn't do as well was to keep the string of NRs steady and target investment audiences rather than technical audiences.  With the hiring of Agor, this should no longer be the case.

Good luck.

Hotrok
Bullboard Posts