RE: RE: RE: 43-101 Thanks RockFinder. You made me laugh. I'm a big believer in ATAC. This is definitely ground floor time of something big. But I am also a believer in Prophecy Platinum. Don't know why you'd bother dredging up anything from 1986 when everything done since then culminated in their PEA this summer. I know I shouldn't post this on the ATC board, but as I hold both ATC and NKL, I feel like I should defend it a bit. This summer they put out a $2.4B PEA with a 32% IRR. They have something like $40B to $50B worth of metals already identified in a year old 43-101 on a small part of their 17.5km trend. It was a mine a couple times in the past sure, but do you really need to go back to 19frickin'86 to bash it? Come on man :)
Lets get back to talking about ATC. 9.08 g/t Gold over 16.76 Metres at its Anubis Discovery Located 10 km West of Osiris
10km West of Osiris! If this stuff is all connected at anywhere close to these grades, this is going to be a monster!
As for the current move in the share price over the last six weeks, I look at it as pure manipulation by some deep pocketed fund/group that is willing and able to burn enough shares to move the price way down, then gather up as much as they can from weak hands before forcing it higher again. This does happen from time to time with the most severely undervalued stocks. I can't say for sure if this is what is happening here, but it sure looks like it to me.
So what am I doing about it? Buying more of course! I added a lot more last week at 2.20. If it goes below that, I'll add more. These manufactured swings in these low volume, extreme value stocks tend to last about 4-6 weeks, then reverse and head back up - where the manipulator will dump most of their shares, but still keep enough to burn to drive the share price lower, so that they can start the cycle all over again. I personally expect a move up from here to about $2.60, then a shove down to the tax loss deadline, then a strong Jan/Feb and possibly a 52 week high. Maybe I'm right, and maybe I'm wrong. This is how I plan to play ATC though. I know where I'll be selling and I know where I'll be buying. Now you do too.
Of course, the same stuff applies to NKL. I was out at $1.80, started buying again at $1.20, and will probably sell at $1.80 again. Although the technical analyst part of me tells me this perfect double bottom forming for NKL should shove it twice as high, so I guess I'll re-evaluate it when it gets that high again.