Deadlock posted Red Flag on tsxalerts Congratulations to all those that made money on this BUT as it unfolds over this next week, I would not get greedy with it. I subscribe to Danny Deadlock's MicroCap.com newsletter and he also posts various alerts for free on his twitter page and a stockhouse board.
After the close today he posted a note that some of you will want to pay attention to. I am sure there will be many people here who have no interest in hearing this, but he points out a very valid concern. I personally bought at
.23 and sold at
.35 only for the trade. I think the drill intercept is WAY OVER HYPED because the large majority of that hole contains nothing close to economic grade. Companies are hitting that 2 to 4 gram per tonne grade all over the place and going nowhere.
CSQ is reporting that bonanza grade intersection, which is a great hit. However, it does not justify this type of activity. The point Deadlock makes tonight is that this company "could" see a repeat of what happened to another company last November when they pulled the same trick. He is not saying the chunk at depth is not there, he is saying this may have been reported (accidently or not) in such a manner that it will need to be restated to reflect the bad along with the good.
I would take a moment to read the reference - twitter.com/TSXAlerts OR
https://www.stockhouse.com/Groups/GroupInfo.aspx?g=50540
Too much momentum for this to have much impact on share price but it helps a person decide when they may want to pull some profit out.