Fwiw........Your friend ggrellette again posted on the board I frequent. He knows the rules.....don't post on our board and I won't post on yours. Pretty simple. Anyways, I'll share with you some fair, balanced and informed opinions on your honduran miner:
- no trading on gerff (otc) -- it remains unchanged at usd .1737 = cdn .2196 (boc 1.2647 close)
- quite a few st indicators are just about as low as they can go (all stos, wm%R, etc.)
- rsi is decidedly under 40 but still has downside potential
- checked sedar and there's nothing new re: financials or anything else as of this writing
Bottom-line:
I would think sp has greater than a 50% chance of getting a bounce tomorrow. The technicals have almost reached the point of turning contrarian bullish as I referenced last night. As I pointed out in my afternoon post, sp looked relatively well bid at .22. So you live another day, with some hope.
The big caveat, however, is that without any news, any bounce will probably be very short-lived. Now the company might release something tomorrow and that could be the impetus to propel the sp past .25 resistance. But until you get some substantive news (or $1300+ gold), the sp will have a hard time closing above .25. A st rise in sp would be welcome but by raising presently depressed st indicators, it would also give breathing room to .22 being challenged again if no news is forthcoming.
If there's no news by noon tomorrow, you might want to contact the company and find out what the h$ll is going on. At the very least Jean should issue a pr that points out all the fine information he included in his recent interview. Remember, your sp is data-driven right now. Investors want to see something in writing. You may get a bounce tomorrow, and that would be nice. But the markets can only be patient for so long. Have a good night everyone. Jmvho.
goldopp