RE: RE: CXB Primavera Projekt Better be before March because CXB's doing a presentation at PDAC on exploration in Nicaragua. Greg Smith's a professional so he will make sure nobody makes him look silly by being late with results.
CXB said in a recent NR that all work at Primavera was to be completed before Xmas break, then they'd compile the data.
BTO promised an exploration update for all their properties (includes Primavera) before Xmas, so they're late.
I don't expect a delay for assays because Primavera is a BTO project. Should get priority from a lab, if they want to keep BTO's business.
I'd say if the price goes up to $0.22 on volume, the news is just around the corner. PI Financial is monitoring the stock price right now (check out their odd lot sells), keeping an eye out for accumulation by other institutionals. Several houses will want to chase CXB in anticipation of news; the let-down from 28 cents was just because there turned out to be a news delay.
I'd say CXB found something significant in mid-October, which PI Financial was happy to pay up to 28 cents for. This was an institutional buy, not buying driven by a reccy to PI's clients: you can tell cos there's been no selling from PI on the fall back from 28 cents.
Buy on stop at $0.225 might work. Then again, if you can get a fill at $0.18 now, why wait a month to buy at $0.225? Dunno if you can make over 25% in a month somewhere else.
Of course it could all end badly too. But if that happens, PI and BTO are idiots, so we'll be in good company!