Nice nwes!The bids have moved up to 107 lots so far and are at 10 cents (9.5) ... the asks are at 132 lots and have not changed ... there was a bit pf a spike in volume at 12:45 ... all mice nuts stufff and news will not be digested or well disseminated until tomorrow earliest.
Here is something from M. Ballanger today:
“What I have to keep forcing myself to remember is that all of these junior explorcos are commodity-price-driven "story stocks" and when those gargantuan pools of investment capital finally move to the precious metals space, it won't take more than a smattering of capital spilling over into the explorcos in order to vault them to a 5–10 times premium from current price levels…. When the 2008 Great Financial Bailout ended in March 2009, we financed a little junior called Explor Resources with $0.19-unit deal and watched it scream to $1.50 within twelve months. … what is infinitely bankable is any junior with proven resources in a commodity that is "hot" will see a sharp advance in its share price (i.e., uranium/vanadium last summer) perfectly correlated to the underlying metal's price movement. I have included the juniors in the portfolio because of the incredible leverage contained in a penny stock entry level”