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Encore Renaissance Resources Corp V.EZ



TSXV:EZ - Post by User

Comment by 889900on Dec 27, 2010 1:40pm
327 Views
Post# 17897206

RE: sold a few.

RE: sold a few.IMO - It looks like Mulberry sold out  some units to raise cash to buy more shares (with warrants).
Why would he sell at  0.07 to buy at 0.10 you ask? Two reasons, shares come with warrants, and helps fill Private placement. This is good, as warrants come at 0.15 year one or 0.20 year two, which leads me to think Mulberry believes we will see 0.20 or better in next 2 years. i can wait !  Better than 100% return on my money over a two year period is good.... over a 6 month period is stellar! If your in high, average down. This is the time to buy, once the drill starts turning next year, it's too late!
Price will run up again in the spring, lots of bashing going on to pick up cheap shares. Call me pumper, call me optimistic, or call me realist, you decide.
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