lessons from PotashRidge? No one knows what will happen on Monday but two patterns from PRK may give a clue. In November, a sudden volume of 8+M and a stock price bump. They were in the .03 to .05 range and got a bump of a couple cents. From there, the stock puttered along for several months, a little higher, a little lower, until March when they were put on notice that they might be delisted. Timing of all this is surprising, but they scramble for some funds with a private placement and announce modest progress on a couple of fronts. Still lots of work to do before real funding, but SP took off.
On Monday, maybe ICP’s SP will just coast along for awhile, or, with some news, take off. Without hearing something from the company, hard to see how price could spike right now. However, downside has been pretty much eliminated as it has already been as low as it can go. Can’t quite call it a “safe bet”, but as close as it gets in this risk zone.