starting to perk up again It seems that there is something coming down the pipe here. My guess is that they are about to tell us how many tons they have for their bulk sample at clone. If they are telling us this late in the season I would say they have a much larger sample than previous years just judging by when they made the anouncement last year.
Classic shakeout today. Put up a huge order on the sell side, someone panics and bails on a sizeable position to fill your bid, remove sell order and let the stock move up again. Why would anyone sell when everyone knows what is coming? I guess we needed a capitulation type event to signal that this one will be moving up. Say what you want about the management but it is the property that the big boys will be looking at and when they want it, it won't matter who has control of it other than who they have to make the cheque out to. And most of the majors are in need of new projects. Prime example is New Gold taking out Geo Minerals for the Blackwater property last year, along with Silver Quest and Richfield. Anyway 1.756 million shares crossing the tape today on the various trading platforms tells me that people know that good news is on the way. Granted it isn't a huge pile of cash that changed hands but is still a signal of things to come. The 10 million plus volume days will be back, and most likely sooner than you think. Maybe just on clone news but definately when Orbite is bought out and that might not be very far down the road. My bet is shortly after the new plant is commisioned proving that their process works on the larger scale. A decent sized bulk sample would cover our costs for the year and maybe enough left over to pay for a drill in Quebec.
I still say this one should be trading in the .12-.14 range even the way the markets have been trading. It will most likely overshoot to the .20-.25 range when we do correct but hey who is going to complain about that when you can pick up a couple million shares now, for a measly $50 K? Possition yourself accordingly. We will all be smiling soon. GLTA.