GREY:OLEPF - Post by User
Comment by
vwgolf97on Oct 09, 2009 11:50am
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Post# 16377161
RE: question
RE: questionA similar pattern will occur because most of the hands holding the shares are holding tight... what happened there from what i know is that they were drilling for oil in south america and from the anticipation for the find the price kept going up... then they released that the oil well was to be capped because dry and it went down and stabilized at 80 cents (the stocks new bottom for the past few months).
Now, you must keep in mind this is an exploration company involved in many projects... and they got amazing results from their gold drilling released 2 days ago which proves there is more gold findings to come. So at this point there is extremely low risk and high gain potential with OLE. The vicinity in which they are is filled with gold, see this article:
https://3.ly/fww
Plus, IAMGOLD has picked up 17% ownership of OLE which shows they are sitting on a huge GOLD MINE - LITERALLY! IMO