TSX:SRU.UN - Post by User
Post by
Cdn_clipperon Mar 01, 2002 7:24pm
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Post# 4831883
Pre Drilling Tedium
Pre Drilling TediumThe winter promotional developments accompanied by the price run up and volatility certainly made SRU anything but dull over the last month. Kind of kicking myself for staying long while missing the trading opportunities, but I thought it was going to blow through $1.50.
Seems to be me that there is quite a bit of expectational risk built into this play at this particular moment. If the 101 wedges deliver good results, I guess the top is hard to predict. On the downside, if they don't meet the heightened expectations, I guess it could slide back down to where it resided in the Fall.
I hear that there may be a metallurgy report coming out in the not too distant future that will be quite positive and will hopefully moderate the downside risk. In the meantime, the waiting tends to dial up the anxiety meter. Hope the "inverse Mags" and new UTEM interpretations deliver the goods.
CC