best chance with providence nickelADD remains an interesting option play on 3 fronts. the diamond chase can be a mug game at best certainly as evidenced over the last decade with many losers compared to a minute number of actual producing winners. providence is quite interesting re nickel potential. i hold GGL resources which moved up 1500% in one day a couple of yrs ago on indications of nickel in the same area. ADD has had some strong results from testing so far and kind of complete GGL's suggestion there is a discovery to be had. in that release there was talk of another voisey's bay hence the dramatic move up in one day from 0.15 to a high of $1.50. could this happen again? maybe, but not with a quarter million shs o/s. with ADD.
i own enough ADD at a little higher price but feel comfortable holding at this point. all you need in most venture plays is potential of a discovery and knowledge that at least the mgt is moving forward and not burning $ doing nothing. hiring a p.r. co. can do little harm and as far as options go it is to their advantage to get the s.p. higher than 0.07.
like the insider buying in the last months but they can sell just as fast. of course, seldom will the insiders be losing money in the long term, just write more options. very afraid of the o/s right now and a consolidation only hurts the retail holder. a discovery at one point would help.
all in all you have to like the mgt direction here, they are at least moving onwards on three fronts. i believe that is enough to be a holder here or a new buyer.
fingers crossed something positive is around the corner........providence is the next area of interest............