OTCPK:MEAOD - Post by User
Comment by
mstettleron Mar 03, 2016 3:13pm
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Post# 24618906
RE:Who is selling such large positions
RE:Who is selling such large positionsI'd just like to make an observation without emotion which is running high enough. The ask is about 1.5 times avarage daily trade volume so it will require much more work to break .08.
The reason that the ask volume is this high is because a lot of people have 50-100% gains in the last 6 weeks. Always take some profit when it is presented. Believe me, there is always another trade. I've seen one or two in the 18 years I've been in the mining shares.
I would like to see more results. It is not possible to know how many ounces are there and anybody who thinks they know is fooling themselves. I've seen companies post seemingly stellar results and then come out with a 200,000 oz. resource.
Until there there are several hits in the deep anomoly, and an exploration drift constructed, and then tight drill hole spacing, only then can an accurate resource estimate be made. The news release today exends the known strike at surface which is good but we need more info about whether there is anything at depth.