RE: Some one is playing games?Hello Mates,
SKE has the goods, up to a point. Unfortunately, the company has 80 million shares outstanding and this number will increase in the near future. A share structure transforming into 100 to 130 million shares is not attractive. A larger copper resource can change the outlook, however, more dilution is needed to finance any addtional drill programs. An attrition cycle. Very sad indeed.
An interesting company to view is Happy Creek, HPY. Their copper project needs additional drilling, but the stock dilution will not be that detrimental. It only has 27 million shares. There are 4 main advantages with HPY.
1. Their Rateria Copper Property borders Teck's Highland Valley mine. In the near future Teck will need additional ore. HPY's copper showings suggest colossal tonnage potential!
2. Happy Creek discovered Rhenium in their drill core. This was announced Tuesday after market. Rhenium trades for $6.25 per gram or over $6000 a kilogram. It is very rare. All of HPY's drill cores are being processed to determine if the Rhenium exists in significant quantities. Results anticipated within this February. If the Rhenium shows in other drill core then HPY joins a handful of companies with this precious rare earth. It can change the company over night.
3. HPY has other projects; gold, molybdenum, and tungsten.
4. HPY has $1.1 million.
The stock trades in the 25 to 34 cent range.
Cheers