Drilling & Selling The stock has good traction now with drills spinning and a full treasury. Selling late Friday came after a two day rush of accumulation that drove the price from $0.035 cents to $0.055 cents which is a +57% price increase in less than two days on heavy volume of 3,057,181 shares changing hands. The selling was probably someone desperate to pay bills. They saw a surge in volume and a huge price increase and did what they had to do. If I were in their position I might do the same thing, but I am not. So I am legging in on volume from $0.035 and up in expectation of the run to come. Too bad for them but good news for me.
As for comments regarding bad weather or a failed drill program, well those are just plain silly. The drills have been spinning for only a few weeks. They probably haven't even pulled core yet. The weather's been nominal, and the terrain is open and easy access with a highway next door. They work year round in Timmins, it is one of the biggest gold camps in North America.
Baseless negative comments always appear whenever a stock gets moving and news is coming. The word is out now and the bid is too strong. The recent appetite for stock didn't come out of nowhere. Something must be coming. As they get closer to pulling core, the stock will simply pull away. Anyone who wants it then will have to chase it as it goes higher. You guys can take that risk if you want. I`ll sell some back to the market as we move through the multiples. When and what price you buy is up to you, but this is one of the easiest trades I`ve seen in months.
Peace and profit - Jarrko