RE: any updates?Hi,
its all ok with the company, the recent sell of was on very low Volume so it is not so important - it is not going much deeper i think. Look at the markets most of mining stocks have been beaten down lately 50% and more. this is a normal market reaktion "Sell in May" was going on and this golden rule became true again.
There will be drill results out very soon on red summit as the cores have been allready analyzed by the companies geologists.
Also the company will be moving to TSX thats a sure thing, the management found in the application process that they had some options available and so they will consder those.
the company plans now to move the listing market the company to the brokerage community in Canada and do somefinancings.
Hylake gold is also planning on getting back to drill at Rowan withGoldcorp. This will start within two weeks.
What else is to expect in the future?
TSX listing
Ressource calculation
Ni Report Mt. Jamie and Rowan update
Ni Red summit
Drill results Red Summit (Soon)
News regarding drillstart Rowan
Drill results Rowan ( august)
and test at least Rowan for downdip
Shareprice will rebound soon so there is a good buying opportunity at the moment. I know who bought in at 50-55ct
this fact let me sleep very well with my hylake shares.
At the end of the day it is important how much gold is in the ground! All of the redlake play could be big winners in the future. But if you have past producing mines on the properties you can be sure that the gold is there, and they are untouched in downdip and there are a lot of high prospecting untouched areas on the properties.
This maiden like properties have great potential, each of them could bring the big hit when testing downdip.
The geologist Galkin is very experienced and I like the strategy of the company first test the properties tho get a bether understanding of the properties geology bevore doing the big holes to test the downdip. this is smart because so they can place the drill rigs in the most prospecting places. this makes it much more likely to hit gold!
its going to be an exciting year for Hylakers
Patience is the key in this game but it will pay out.
Have a nice WE