RE:Bid is higher than close
The bid at close means nothing. Investors can retract their bid anytime between now and tomorrow open. And the ending bid numbers mean nothing in relation to it going up tomorrow. This will not move up to 14+ until some well-liked news is put out. The market did not like the news today..because if it had, the share price would of gone the other way instead of taking a dump.
So yes, the market is looking for offscale or something very very decent..remember, people have seen Fission and NexGen ...and what they have found..and now it is automatically set as "the standard"..and if the Syndicate does not beat "the standard", then it's not looked favorably looked upon..can't blame them either. I too was hoping for some decent news considering they decided to drill deeper on most holes. Obviously, they were drilling deeper in hopes of actually finding mineralization..which they didn't..or at least nothing is confirmed yet. They found radioactivity, whereas people are looking for a "hit" ..a high grade intersection or some off-scale encounters..this did not happen, so in the market's eyes, they have found some "indication", but nothing substantial after 5 holes of drilling. This, compared to "the standard" of what Fission and NexGen found, is a "fail" in comparison..or just merely a "peanuts" of a find thus far.
Truth is, the market did not like the results plain and simple, because otherwise we'd be sitting at .30 to .45cents right now. And we aren't..we're sitting at .105cents -25% from yesterday's close before the "results". Not a good sign. It's going to take awhile to climb back up to 14.5-16cents. Now, instead of going from 14.5cents to 30-45cents on results...we are pushed back down to crappy lows of 10.5cents and will have to have a slew of good news to get this to 45cents + and onwards. Better hope they hit some off-scale soon or this is going to stay down or float down lower.
Yes, I am invested in Noka and other Syndicate members, and am not a basher..but one who likes to tell it like I see it. I for one was expecting more with these results. Definitely NOT a good "first results" impression to bring new investors into the stock.