Post by
JJ40 on Jan 23, 2012 2:52pm
Anybody have access to the LV II?
Volume is up but the SP isn't going anywhere.
Comment by
stockarchangel on Jan 23, 2012 3:39pm
Looks like both accumulation and an attempt to clean up the stock. Park yourself with a huge bid at .10 and let the weak hands come to you.
Comment by
Yukon_Cornelius on Jan 23, 2012 4:45pm
StockArch- how many of those 22mm nickle shares you think still need to be absorbed? Hard to know for sure I know, but that overhang will continue to be a price killer imo.
Comment by
JJ40 on Jan 23, 2012 5:30pm
Oh, thats right Yukon. Good point.
Comment by
Yukon_Cornelius on Jan 23, 2012 5:44pm
Wish that wasn't so- but it is one logical explanation for our lack of a pop today on that kind of news and volume.
Comment by
sittingbullish on Jan 23, 2012 7:33pm
Nope, still doesn't make sense to me... Let say I own one MILLION shares at .07 (which I don't).. my B/E is .38 ... and I just saw these drill results... why would I keep on selling making .03 profit, when I can play the long game and increase profits many-times over..... we've got proven gold, whether we mine it ourselves, sell out.. whatever... makes no sense...
Comment by
Highwired7 on Jan 23, 2012 8:23pm
I think Harpreet needs the capitol now, to pump up Sharprock as well as sticking it to Douglas for ousting him. Don't underestimate his underhandedness, he is NOT a very nice individual. This scenario makes more sense than most else I've read here.