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Arianne Phosphate Inc V.DAN

Alternate Symbol(s):  DRRSF

Arianne Phosphate Inc. is a Canada-based development-stage phosphate mining company. The Company is engaged in the development of its Lac a Paul phosphate deposits located approximately 200 kilometers (km) north of the Saguenay/Lac St. Jean area of Quebec, Canada. These deposits produce an igneous apatite concentrate grading 39% P2O5 with little or no contaminants. The Company is specialized in the extraction of independent phosphate rock. The project is an undeveloped phosphate deposit globally. The Company’s phosphate is used in fertilizer production, preservatives, animal feed, fungicides, water treatment, the beauty industry, metallurgy, and advanced battery technology. The Company's subsidiary is 9252-5880 Quebec Inc.


TSXV:DAN - Post by User

Bullboard Posts
Post by martinpqon Nov 21, 2014 11:33am
199 Views
Post# 23151999

Rally Friday! ...Not for DAN evidently!

Rally Friday! ...Not for DAN evidently!There is one important point the company doesn't seem to consider. In the present risky environment for Junior Miners and the difficulty to gain access to capital, maintaining the stock price is pretty important. We've seen only small volume to kill the stock under the 70 cents. That kind of companies should be able to do business with market markers or participants to keep the stock at reasonable price. We often see that in Junior mines, but it's doing behind the  curtains... Fundamentally, there is no reason to see the stock at this price except if we discover environmental problems or are unable to get good financing. I sold half of my position at 1.57$ and i now regret because i believe in the company and a 1.20$ support could have been maintain by a company which work with the reality of the market. It's unfortunate to see that level for the stock price. I already made my cash with the stock and stay patient because i think this project will be an important one for Quebec in few years.
Bullboard Posts