RE: RE: RE: RE: No News Til NovemberZad,
I have sold most of my SQI holdings (close to 1,000,000 shares) between $.74-$.81 because I was not impressed with the Boulevard assays, and because I was expecting a repeat of the same trading pattern (new bottom ~ top of previous high).
However, this does not mean that I have given up on SQI - I like the management and SQI's property portfolio - so, I'm planning to re-enter somewhere in the next days/weeks/months depending on how low the new bottom will turn out to be: I'm expecting SQI to hold above $.54 (200-day EMA) unless there's a prolonged market correction or very disappointing news from the Prospector Mountain property.
Regarding the Slate Falls property: In July, Kendra mentioned that they were still planning programs for Chuchi North and Slate Falls, and that both programs should be finished by the end of September. Now, I haven't spoken to Kendra for a while, so I can't give you any up-to-date information on that, but I do know that they were planning to leave the Yukon by the beginning of October, so if they haven't started the Slate Falls program in September, they will certainly be working on it in October (before the winter sets in). So, to answer your question, provided that they haven't started the Slate Falls program in September, it would make sense to expect the Prospector Mountain assays first (since all of the drill cores should at the lab by now).
Guy
P.S.: Peter Grandich must have sold some of his shares too:
- September 9, 2010: "...but I currently own shares, warrants and options totally 3.5 million shares. And note I will be a seller of part or all of that as early as tomorrow or weeks, months or years from now. ...".
- October 7, 2010: "... I still control 2.5 million shares and am strongly contemplating adding if the shares fall below .60 without any further drill results. ...".