SciQuest SQI

Take a Wiff

[Chipshot2]

I smell a financing!! This stock has been marched down steadily from $.70 with the asks being lower with volume. I don't think this has been a normal sell off or profit taking. I'll bet we see an announcement within a week that they have a financing in place at $.65.

Not a bad thing as I am sure they will need the money for next year's drilling and why not strike now while the Yukon plays are hot. Who knows what the market will look like in the new year.

Anyone else have any thoughts?

J.M.O.
Chipshot2

[JustAnotherGuy]

Chipshot, SQI closed their $8,000,000 PP in August, and is well-financed: https://www.silverquest.ca/s/NewsReleases.asp?ReportID=416338 Nevertheless, if SQI doesn't release any drill results soon, and if there is a correction in the markets (gold and silver are currently overbought), I could see SQI test its 200-day EMA (~ $.54). I remain bullish on SQI in the long-term though. Comments are

[Chipshot2]

Guy...I saw that as well but it doesn't mean that someone hasn't approached them with some funds and they want in. With the unpredictability of the funding market the management at SQI may think it better to take funds on now vs try later in what may be a tougher market.As I say, just my thoughts as I don't have anymore info than anyone else. I simply look at how many shares have

[veej2]

They just did a financing and have 8M in the bank. Its really surprising people dont know this stuff yet they throw their hard earned money at it. You should check out who bought the financing. The market thinks Boulevard sucks which so far it does. That coupled with the fact that its Octoboer coupled with the frenzy for the Yukon has cooled off a bit. There are 2 other areas on