RE: RE: RE: RE: RE: it all sounds good and lots ofFall backs often do happen, but this does not mean that they can be guaranteed. Sometimes they go much much high than seems possible before the fall back(if actually any). I contend that MOA should already be $1.50 and will explain it below.
Here is the thing, two things actually. First MOA started from a ridiculously low number(total market cap was only about $8 million). It should have already be valued far in excess of this number based on developments prior to the latest drilling. I contend that MOA should have already been $.60, a number that is actually higher than last nights close. So adding this short fall of about $.30($.60 less $.30 pre-news starting price) to last nights close and you get to nearly $.90
I will now go to the second point...MAR. Since the news, MAR has added about $20MM to their Market capitalization and yet MOA has only added about $8MM. This makes no sense as each has a 50% interest in the Gold deposit are were both, no doubt, running up based soley on the Gold news . The $12MM difference alone would add another $.40 to MOA's share price so with that, MOA would be at about $1.30. The difference between my $1.50 estimate and this $1.30 number is attributed to a large pent up selling pressure that existed for MOA. As support of this, is the large net selling these last 4 days coming out of a few houses that are institutional related...001 and 062 in particular are the examples. Without that pent up pressure I suggest an additional $.20 would be added to the above $1.30...that's it. So I will suggest that should the market come to terms with my read on events and assuming the pent up selling pressure is about done...this run could continue quite possibility to $1.50; especially considering the speculative factor of more drill to start ASAP in May...C.Gert
PS: of course,as been seen many times in the past, markets do have a mind of their own and all my factors may go unrealized "in the short term", we'll see..C.G