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Xmet Inc XMTTF

XMet Inc is a mining exploration company. The company engages in the exploration of its Canadian mineral properties in the provinces of Quebec and Ontario. Its property portfolio includes Grasset Property located in the northern part of the Abitibi greenstone belt, west of Matagami, Quebec; Authier Property located mainly in Poularies and Privat townships in the western Abitibi Region of Quebec and the Blackflake Property.


GREY:XMTTF - Post by User

Bullboard Posts
Comment by gump132on Jun 17, 2014 1:32pm
94 Views
Post# 22667464

RE:RE:Level 2?

RE:RE:Level 2?

ss1867 wrote:

gump132 wrote: How's it lookin?

Not too rosy.....BIDS - 527@3, 910@2.5 and 672@2 ... ASKS - 241@3.5, 433@4 and 88@4.5 - Volume - 500 -as of 11:30 Alberta time



Looks fine to me. I mean, it won't move much right now but that's ok. Keep in mind, those are lots of 500 shares, so 241k lots of 500 shares is only 120,500 shares. Wouldn't take much cash to move this up.

$0.035 x 120,500 = $4217.50
$0.04 x 216,500 = $8660
$0.045 x 44,000 = $1980

Total = $14,867.50 to get us up to $0.05. Of course, you could always take the pessimistic approach and say it wouldn't take much selling to go lower either ;)

I think the sell off is done though. Only penny flippers left and long term holders + new investors who plan on holding for drill results. The penny flippers will either sell into the bid and move on soon since the volume has died off, or they will sell the moment this goes past $0.04 or $0.045.

I guess it is a game of hurry up and wait at this point.
Bullboard Posts