GREY:PCCRF - Post by User
Comment by
ghayeson Jul 30, 2001 9:06pm
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Post# 4043087
RE: "Dead as door nail"
RE: "Dead as door nail"There's likely a few million shares out there purchased at the 30 - 45 cent level during the TRIL deal. Being purchased back slowly at 4 - 5 cents, by those that sold them. The stock must surely have its day again, may be a few months to go yet. They have a few irons in the fire, South Voisey Bay is one of them, who knows what others they will come up with. They got $300,000 returned a couple of months back from a deal that didn't come off. There are plenty of other wildcats, and mining options out there, one or more will be purchased, and off we go again. It will be a hard work to get the price beyond its Tril era prices, as those like you, that got them at that price level, will unload to get their money back.
More likely a 5 to 1 or 10 to 1 consolidation will occur to reduce the "float", which still robs you of your money.
Consider your 'investment' dead for a few months more. LOL