Let The Drills Be Our Friends In my opinion,.The Aussie"s news release, that Storm has a sediment deposit anounced 48 hours before the Canadian markets opened, caught Bay St., off guard.
BAY share price seen alot of stick handling the last 3 years and share price had been kept at a 3 cent MDA as seen by the 1.5 billion shares traded and the 100 dre"s of Down Ticking exactly at 3.59:59 at the closing bell .
The News, created a frenzzie of buying in BAY shares , the high volume and shares going long forced the side street exchanges to cover their hidden warrants sitting idle on their books.
The 12 cent warrants had to-be replaced amongst brokers borrowed acccounts. The volume now increased while shares became in demand and the brokers were forced to replace the 15m warrants. The repricing of new PP now force the brokers to buy while the Traders stepped in and carried the news and the volume all while flipping the share higher.
I notice on Depth chart The share at $ 0.030 to $.033 range had very little volume on the ASK side and the share was about to go alot higher.
Then a massive short position started building here and then the share suddenly nose dived back down.......
PS,.so the traders got CAUGHT flipping their hidden warrant and had to buy SHARES to replace on the open market.
Longs ,..The news here is what we"ve been waiting for ,hitting a sediment deposit.
The Traders here, want it all and have the Tools to force you to sell. Unless, we all go long.
The news coming will support a much higher share price , going long with new buying coming in will force the Traders to cover their shorts here and the share price will go much higher,..
PS,. DSO, on surface, 500,000 to 750,000 tns x $ 8500. per tn
Level 2,..open-pits ...Hole # 1, # 2 below the 4100 surface DSO ,.
Hole # 3. # 4 siting 1.4 k distance between and shoeng same geolgy at both levels..on Southern Fault..
Level 3, deep below open-pits...Notice on slide,. deep FLEM in Legend box,..Notice these yellow flat plates and in particular notice hole #3 location . The core hit 76m of surface sulphides and below at same horizon as hole 1 & 2 and hole # 10 22. Hole # 3 caught the edge of the 2nd level anomaly but most importantly here notice the deep plat sit below the hole # 3 which thinking was the plumbing network here forcing the saline fluids in faults.Notice the Southern Fault has over 5k of possible sulphides on surface and on same horizon below 250m..
ea.
Figure 3: Total bouguer gravity image of the Storm area, fault architecture, drill hole and deep FLEM conductor locations overlaying aerial photography.
Let The Drills Be Our Friends
Traps7