Call me crazy if you want...but delays in issuing news releases are rarely good, no matter what the reasons. It would concern me if the reason the 43-101 is not coming out is they are trying to get Asian backing BEFORE the release of the news. That would make it seem the news couldn't stand on its own. I guess I'm a little soured because I used to be optimistic about the stocks I owned, now I consider most news releases a good reason to sell....especially BEFORE the news release comes out. It seems 250-300M tonnes is baked into the pie already, so where is the upside if they achieve it? I guess it could be even more coal, in which case good on ya, but I'm guessing it will be less. Call it my traders intuition.
Either way, safe and happy trading people. Remember, this stock is relatively illiquid, so if it goes down, it will drop off like a cliff. Same goes if the news is better than expected...it would rocket.
Good luck to all,
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