Can't figure out what Weisel is doingNo activity from Weisel today. I’ve been watch them for a awhile and can't figure out what they are up to. They are definitely not supporting the stock like I thought between 35 and 40 cents.
Now for some updates on BTC since Newfie is coming up empty these days.
They were supposed to be drilling Goodchild but due to a tragedy in the drill company family it’s now delayed.
They still plan to drill Swayze after Goodchild.
Ground work is ongoing on Armit, Saganaga & Hope Brook. The labs for some reason are extremely slow once again so they are waiting for surface samples to come back plus the RIM samples. They are looking at possibly drill these properties this year but like everything else who knows.
They have lots of cash in the bank so they don't need to do a PP in this ugly market. With all the cash that they have they are in an extreemly good position and are looking at possible aquiring property at these rock bottom prices. Cash is king in these markets. Plus they have some interest in other properties for possible JV's. Like I said before these guys are extreemly good plus they have a bit of luck. Now only if the investing community would see the glass half full as I see it. The way the stock is trading these investors think the glass is half empty.
MAR.to is getting hammered just like every other junior. Either the investors are expecting platinum prices to nose dive or else they don't think they can get financing or a large company to take them out and make the mine. If anybody believes in the project then right about now would be a good time to pick up some shares.
Anybody pick up G.to. I was waiting for 30 bucks, oh well easy come easy go.
MM