Ashanti Gold Corp. GULSF

RE: Today's trading

[BlindBoy]

I agree that the trading is incompatible with the news release. That's why I've been figuring that they had "something else" driving the trading, but the release didn't really shed any light towards that possibility. I'm fully aware of IFR's pattern, and you'll recall that I "called" the possibilty that they would use the "bad" news (the 2-3 month news blackout) to accumulate the stock (in the fashion of KNP), which is in fact what has happened. Still, when the news blackout was announced, the stock dropped from $0.71 to $0.42 before it reversed it's downwards spiral and resumed it's ascent. Also, with IFR/PRD, they had already "hit" a "monster well" (according to all the street whispers) before they announced the news blackout. With the Pond, the possibility of a good well is looking stronger now, but a month or 1 1/2 month delay makes the short-term price gyrations more difficult to call. Oh well, we'll see what tomorrow brings. Good luck all.