RE: RE: Yawn...5/25/2009 8:33:53 PM - Market Wire
TORONTO, ONTARIO, May 25, 2009 (MARKETWIRE via COMTEX News Network) --
ANDINA Minerals Inc. (TSX VENTURE: ADM) ("Andina") today announced the results of its limited 2009 Volcan drill program totalling approximately 6,000 metres, which concluded at the end of April. Analysis of these results is ongoing in preparation for release of a resource update under the direction of Micon International Ltd., expected in the latter half of July 2009.
connecting the dots between the delay of the release of a resources update, with the lack of movement in the SP and lack of interest represented by the low daily traded volumes. i have a feeling that the next NR won't be a good one but also won't be a bad one as the short position on the compnay is barely above 100,000 shares. that's why i think investors (including me) has taken their money to other exciting gold plays like WTM and VEN were the margin of making money is better than here.
but again the market always finds a way of proving any logical analysis of a company situation wrong by moving against that analysis, so i could be wrong. that's why i keep andina on my list and i check on it a couple of times a week.
cheers!!!