RE:RE:To me it seems....Blazesb, if they come back with good results from Purdays I personally would expect a bounce in the stock that would then be met with renew selling by those who are thanking their lucky stars that it has come back, giving them an opportunity to get out. Once people get burnt, as they so perceive, they look for any chance to get out.
IMO with grades like 67gpt and 1.3gpt any good results will proably be met with the expectation that next 1.3 gpt is just around the corner again. Or they will say that is Purdys and we have not idea what Comets Well will be like.
Once people lose faith it takes some time for it to be regained if ever and ususally requires new investors to buy in. Two cases in point, one is Chipotle Mexican Grill with their food born illness problems, many people have just walked away from them and won't risk eating there, they have been down for 2 years and have not yet made the turn.
Case two is Union Pacific Railroad, when everyone turned against coal UNP took a big plunge and the press was saying they would never return to their former glory. Its taken about 2 years but they have now taken out their previous high and are heading higher.
It takes awhile to get new blood into a badly beaten and bruised stock. So unless the news out of Purdy's is over the top I suspect any bounce will be short lived. We have to be patient and wait for some real hard core evidence to be presented to win back investor confidence.