Post by
jimmy12 on Jan 14, 2005 2:51pm
good news is coming soon!!!
I am expected this stock to bounce up about 50% sometime next week. The new joint venture which includes an aggressive drill program has already been negotiated, signed and should be announced at any time.
Soon after we will have the drill results out around the end of January! The street doesn´t seem to take notice of Coral´s gold 100% owned reserves that are already proven. With the current drilling program the two deposits, and more importantly, the higher grades zones are likely to be greatly expanded! This stock is an absolute bargin. The stock is selling for about half of its book value while the company has almost one million dollars in cash in the bank!!!
In short, everyone (except us) has given up on Coral. The street´s expectations are 0! No institutions own the stock. It was dumped several months ago. As we have seen in the past, anytime there is interest in the stock and we see a high volume day the stock rockets up 30% to 50% in a single day. Be patient my friends only good things are to come for us.
Comment by
freequotes1 on Jan 17, 2005 4:30pm
jimmy please, what new venture are you referring to????