Big Wall Of Shares?Martyboss, 500,000 shares bought at .04 cents only amounts to about 20 grand. Thanks for the update on that level 2 quote!
If I had the extra cash, I would snap that amount of shares up in a heartbeat!
Maybe someone else will do the same?
These are crazy cheap shares! There aren't many high tonnage deposits like Bur, now trading anywhere, as cheaply as these!
And like you stated, the likelihood of a secondary discovery near the Bur deposit, looks extremely probable. Lapierre smartly decided to focus, part one of the new drilling program, near the Bur deposit for that same reason.
He probably feels that a similar high grade discovery is very likely and that might add positively to investor sentiment, in a very timely fashion. Maybe the goal is to reduce the amount of any potential roll back to some smaller amount.
If the secondary drilling programs lead to more significant discoveries, with even more additonal rises in the share price, then we might expect that there may be no need, for any roll back in share price at all. Momentum could drive the share price, very high!
I guess that since you already alluded to this possibility, I am basically concuring with your original sentiment.
The time to buy is now! But it is up to the savy of any potential investor to perceive value at these price levels, before some else does.
In the meantime, it is best to keep picking away, by buying a few shares at a time, while they still remain this cheap.
Imagine the possiblity of acquiring 500,000 shares of a company with such valuable assets for only $20,000. It's hard to believe!
But then, I got very lucky when I picked up, more than double that amount of shares, for only a little bit more, a short while ago.
When I saw a large amount of shares on the ask at 2 cents, I figured that there were plenty more, at 3 cents, so I bought all I could, and right away!
My average cost was extremely low. I paid only slightly more, than the two cents that I found so cheaply on the ask.
In these kind of markets, you have to act very quickly to get the very best deals!
Keep picking away at these cheap asks as long as the money is there. Roll back or not, there is a lot of value here. Remember that the Rockcliff's share of the Talbot deposit represents a lot of free cash flow for the company.
The deal cost Rockcliff Metals a lot of upfront capital to do the exploration. But now they just have to sit back and collect their 35% share of the profits.
Whenever, Hudbay decides to construct that mine, it will be a big pay back time, for those Rockcliff shareholders, willing to wait. The potential upside in this company is tremendous!
As always, a good equity investment represents a long term commitment to gain the most traction in price. And as I see it, there is no better investment than the purchase of these kind of quality assets when it is made as cheaply as this!
And no one really knows when Hudbay may choose to pull the trigger on a very timely acquistion.
If Rockcliff's shareprice starts to move, then Hudbay may decide that it would be best, to act more quickly! That's what I did!
Feeling more positive!
All the best! Java