RE:RE:Finally the short term price resistance is breach!!!Case in point, as I type this approximately 900,000 shares have been exchanged since the company reported Q2 results Thursday night, and the price sits at $0.155. Furthermore, it appears another block of 180,000 shares is available right now for $0.155. Mind you, this is despite the shares being worth $0.50 on July 31, 2017, a 1% NSR added since the results, plus material positive developments from both QMX and FUR, two of Aberdeen's larger holdings.
My point is, most shareholders are still perfectly willing to dump the shares on ANY volume at ANY price, despite the obviously improving fundamentals. I'm merely reinforcing this because DT was referring to some technical analysis, however, I don't believe it'll apply here. I believe there are plenty of shareholders waiting in the wings, and as soon as they see volume pick up they'll be rushing to unload their positions at prices around $0.15. Remember, 900,000 shares changed hands at prices between $0.125-$0.165 for a stock that was worth $0.50 as of July 31. Sentiment is still very negative, and many more shares might have to change hands before the SP materially increases. Again, I think the company can help the situation out by completing the NCIB the same way they did last year, but that remains to be seen.
While I have no idea where the short-term share price will end up, I own a large position in the stock because I see improving fundamentals, lower G&A, and a solid outlook...not because I expect it to rocket to $0.30 by next week. All I'm trying to emphasize here is to be careful, and keep realistic expectations. GLTA