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Silk Energy Ltd SLKEF

Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.


GREY:SLKEF - Post by User

Bullboard Posts
Post by whaleron Jan 08, 2010 5:23am
445 Views
Post# 16653598

Great exchange

Great exchange
Yeah quite a day >2 million of our 72 million shares traded. Women and children first!! Man the lifeboats!!

Gimme a break Safari. The spread on the day is 11 cents. Opening at .73 and closing at .62
Yep that same low .62 we saw on Dec 30th is where we closed today after chewing thru all that stock.
Swift market correction.....the only correction is that the 2.1 million shares that bailed are now in much stronger hands at a base of .60 or higher. These investors are here for the next leg and the next level of Langmuir ISM  evolution and development.

Buy on rumour sell on news, nothing new is it. Juast like any time we released news on drill results, a sell would follow. IMHO we would have seen the exact same thing in any case once the reports were produced and delivered. If this were the piece of garbage you and the bashers are trying to make it out to be, there would be a mass exodus and the price would not have seen any support or buying. You would see 10,000,000 shares traded ....at least!

This was a MoMo play where speculators have sat waiting for that report and it came but gave no POP. Time to bail and move on the next play.

So give it up and keep your word on the "last post scenario" you keep writing about.



PRICES
Date Open High Low Close Volume Adj Close*
7-Jan-10 0.73 0.73 0.59 0.62 2,088,800 0.62
6-Jan-10 0.81 0.84 0.78 0.78 173,100 0.78
5-Jan-10 0.76 0.87 0.76 0.81 256,800 0.81
4-Jan-10 0.70 0.76 0.69 0.76 279,800 0.76
31-Dec-09 0.65 0.69 0.65 0.66 88,500 0.66
30-Dec-09 0.63 0.65 0.62 0.65 58,700 0.65
29-Dec-09 0.68 0.68 0.63 0.65 211,000 0.65
Bullboard Posts