RE:RE:RE:initial resultsgood post!!! it is a positive news release - i just spoke with investor relations at snl - Adrian. He said they dont understand why that stock price dropped and the very high 2.8 million volume today. I think its a mix of things - if there were any shorts they must of sold givin the positive potential of the next news release (Adrian said 2-4 weeks to get lithium results) said they are also very pumped so far. So things are looking very good. potential reasons for share drop
1. Shorts covering for fear of uptic
2. Standard sell the news - 52 week low was 10 cents
3. Sell of scared other investors to protect investments assuming the sell on the news outcome
4. Stop loss were probably trigured
I am not worried - good results and they have the cash to finnish it through - 2nd private placement is closing this week