RE: RE: RE: breakout on adm....Canaccord use to have a share price target of $5.50 so, I don't put much faith into that. IMO the press release was a very sound reassurance for the future of this property. Of course waiting for Q1 will be the lock. Also, institutional buyers were put off by past iffy results and poor timing, however, I KnoW that they are seeing ADM once again as a great risk/reward play and are buying back into this quickly. Lets not forget as well that Short plays may also be covering themselves with this release.
I was thrilled to read the PR and I believe a lot of other long time holders were as well. We've been buying on pull backs over the past year and hope to do so up to Q1. With the amount of land (and location), water rights, and gold I think ADM has great Risk/Reward. I'd love to hear of another Jr. Gold with this much upside.