RE: Here's what went rightHey Xdmmdx3
I do agree that the practice of paying a basher to bash a stock in order to drive the price down to help shorters or to simply allow somebody to purchase shares at a lower price does exist which is obviously devious and very unethical especially when the pros do it. But what I find just as devious is a poster such as yourself post some incorrect information. You might want to re-read CDBs press release. CDB described it as:
"In 2000, Golconda Resources intercepted 145 meters of "coal seams of varying thickness interlayered in unconsolidated sandstone. Sandstone light beige with medium grained composition" (presumably cantuar formation) from 17.5 meters to 163.06 meters within the permitted area CPP 5122."
So it is not a 145m coal intercept as you incorrectly stated, the seams are of varying thickness interlayered in unconsolidated sandstone. What does that mean? Well plain and simple nobody knows exactly the true thickness of actual coal and another big factor will be the grade of coal that is place. Unfortunately the truth will only be told once CDB twins the hole for proper analysis. As far as what information is available to us, just refer to post #26036018. you will find what appears to be a lithogical description of the formations encountered as described by the onsite Golconda Resources geologist as posted by Hightest. I cannot confirm the validity of the report but if it is the actual report then the coal intercept would not appear to be that great.
So in closing I don't care what the TA says, I still think that this stock is controlled by greedy investors trying to recoup all there losses over the past year, with pre crash market gains as with gxs. Sure CDB has the momo right now but for pumpers to predict that CDBs share price is going to increase dramatically are only speculating. In actuality there are to many variables that could just bring CDB back to where I believe the real market cap should be in the 2 - 4 cent range. IMHO
GLTA
MM