GREY:ARGEF - Post by User
Comment by
morriconeon Apr 18, 2011 11:17am
286 Views
Post# 18446402
RE: RE: SP when NI 43-101 is released
RE: RE: SP when NI 43-101 is releasedAs seen from the discussions here everyone seems to have a pretty good idea at what the ball park resource number will come in with the NI 43-101 since we have a lot of drilling and historical information. There's unlikely to be any big surprise on the up or down side. As such since the number is so widely expected, once the NI 43-101 is announced I wouldn't expect it to have any big impact on share price as far as people who follow this stock are concerned. Nobody's going to rush out and buy more shares - you've already bought them.
The announcement, depending on how well it's handled could bring some new eyes to this company but a lot of that might just be day traders who won't be around long.
So, based on my logic I wouldn't expect the sp to really do much with the NI 43-101 although there's lots of headroom to the old high and the sp could easily move up closer to it.
The news that comes after the NI 43-101 will be far more important because those announcements, financial and technical, will create confidence in this company and give a clearer picture of the end game and what that will mean to share holders. That should attract a lot of new interest......