GREY:XMTTF - Post by User
Post by
gump132on Jun 04, 2014 11:13am
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Post# 22628898
Standoff - For how long?
Standoff - For how long?Seems like a standoff at $0.035 and $0.04. Someone sold 25k shares ($875) at $0.035 to paint the price.
I guess we wait for news on the commencement of drilling, which I expect no later than June 13th and probably sooner than that. I bought back in at $0.035 and managed to increase my share holdings by 33%. I'm looking forward to the drill program on blackflake west!
Not trying to put my head in the clouds here, but I was thinking about where the SP might go IF they get a hit on this target (they COULD miss again so don't overdue it!).
ZEN = $169 million market cap (as of right now)
XME = 60% of 169 million is 101.4 million. Divided by 78.1 million outstanding shares = $1.30 a share.
I guess I don't need to bother speculating on a miss though. Most of us have experienced that already.
Lots of potential here and the MEK target looks very promising (although I did say that about the previous target). I'm trying to be as honest as possible here and not be a pumper. I have increased my position due to the recent drop and I look forward to the summer drill program. Maybe I'll win maybe I'll lose. As leaf has said in the past (as much as it pains me to quote him, I do agree with him), only the drill will tell.