GREY:AGDXF - Post by User
Comment by
geeps2015on Nov 11, 2009 2:52pm
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Post# 16476304
RE: AGD is due for news
RE: AGD is due for newsWhatisMoney, I don't know if I even need to say this because you seem like a seasoned investor, but from my experience, there is usually not much of a price movement right after drill results are announced. The volume will probably spike, but that is all the excitement we should get. Look at VEN's charts v.s. news releases for example. The real price movements are when information is leaked. Evidently, it appears that core sample analysis was leaked from Antioquia insiders (or lab employees) based on the steady price increase over the last couple of months.
My conservative prediction is that we will get core samples in the 0 - 25 g/tonne Au range, averaging at 5 g/tonne Au. The price will drift either up or down to the 70 cent range from where it will be right before the news release. There will be another PP at 50 cents and AGD will start another drilling program on the Cisneros property. As more information is leaked, the price should drift upwards of $1 or more. Hopefully we'll be in that range before June 2010.