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Channel Resources Ltd V.CHU



TSXV:CHU - Post by User

Comment by davidmb4on Apr 12, 2011 7:28am
480 Views
Post# 18417624

RE: Recent PP

RE: Recent PPSorry to disagree. I don't believe that Wellington will become CHU cheerleader. Once the PP closes, what would be their incentive to become CHU cheerleader. However, any institutional investor that bought into the PP might want to increase their shares by buying shares on the exchange. Sometimes these investors will buy through Wellington (house #12). 

CHU share price is dependent on if CHU results continue to show nice intercepts of > 1.5 g/t Au. If they show gold to the NE and South than Wellington might want to be part of the next PP in which the stock price should be much higher.

Just my opinion. Either way, GLTA.

David.
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