RE: Very, Very QuietHey VG,
Sorry for the subject speling correction but I could not allow bad grammar in my post. I agree with your opinion, something has to be going on. There are severe delays with assays up north right now but it seems as though they exercised their options to get some cash into the company (and I don't know why). I've heard that results could take over 5 months (not from GCR) but there must be a reason they pumped in some cash. From the reports that I've read, they have enough money to keep going for a while, which is always the biggest fear when dealing with a junior. I remember looking at the activity before the last huge news release and they were dumping and exercising options like crazy. Perhaps there is some negotiating going on with a major, there are some pretty big boys just down the road. If so, it may take awhile. Quiet could be very good if this is the case.
For disclosure, I've been holding some since 27 cents (heard about Hughes and own 4 of his juniors), averaged on the way up (stupid, I know) to $1.50 and have traded while keeping a core position back down to an average cost of $0.90. I think the diversified flow through share companies (who turn over portfolios in 18-24 months and try to break even) have been holding the good guys down. I'm holding long and strong and I don't have any sell orders in under $3.
Regards,
First time poster, long-time reader