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Bullboard - Stock Discussion Forum Santa FE Metals Corp New SFMCF

"Santa Fe Metals Corp is a Canada based mineral exploration company. It is engaged in the acquisition and exploration of mineral properties in Canada and Mexico. The company’s projects include Cuatro Ciénegas located in Mexico; Sully Property located in Canada and Iron Range at Canada."

GREY:SFMCF - Post Discussion

Santa FE Metals Corp New > My Two Cents
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Post by nomadtrader on Apr 02, 2015 4:41pm

My Two Cents

The sell down to begin trading today is nothing more than a nuisance. There are investors in this project that have deep pockets that will move the share price to where it needs to be for .05 financing. The volume yesterday bought us to .025. Those who moved the price up will wait to confirm consolidation at this level before moving it higher. Anyone who is here for the drill play understands that it is time to resume the quest. Low volume today which extends to next week, will confirm this, and allow the price to be moved to the next level.
Comment by HeyIrish on Apr 02, 2015 5:07pm
The flipside to what you say would be someone creating a market for this stock so that they can exit out of it at a higher price. With almost a million shares on the bid @ 1 1/2 cents watch for someone to take the majority of the bid at that price. If that happens once we@ll need to see if it happens again and again. If there is any real interest in this stock the bid should at least now move to ...more  
Comment by nomadtrader on Apr 02, 2015 5:39pm
HeyIrish - until financing is set I think that the bids are just noise. The answer will be known if the next step up comes from out of the blue and not from the bid. We have all seen stock prices that move with a mind of their own, regardless of what is on the bid. I believe that will be the case here until we have the financing we need to start drilling again. I really like the management team ...more  
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