RE:RE:Potential Triple Top on TA Analysis If we were not expecting news I would tend to agree with you. However in listening to the conference call and reading the nteresting articles linked in a previous posting, I think the chances are increasing for the following potential developments to drive the stock significantly higher:
- Increased volume and coming scarcity of fine sands reported in the media
- Announcing a dry processing plant purchase at lower-than-budgeted pricing
- Possibly meaningful test sales in financial results for Q3 announced by Mid-Nov
- Hopefully a continued increase in the TSV index
- Perhaps positive drilling results from CSL
- Further detailed news on reserves
Looking at the broker trading there also appears to be consistent interest from certain houses e.g. TD Security, Peters & Fidelity over the last month which indicates professional interest.
As a significant holder of SNS, I would also like to have the CSL shares distributed but I suspect managment is holding the shares for financial security until the sand operation demonstrates the potential for early profitability.
I am not familiar with your "triple tops" analysis. However I do like the looks of the present performance compared to the rise late last year which quickly petered out over the winter.
FWIW