Andover Mining Corp. V.AOX

When to sell on a pop

[jeffsfield]

I don't know what everyone on this board is pondering, but if there is any immediate pop past 70 cents I am contemplating selling all my stock. It is clear thus far the stock can't sustain any real rise in the share price. If it pops to .70 or 1 dollar, what will cause peopel to finally stop selling. If enough people are jumping ship at these low levels, can we not bet they will jump progressively up the laddar.

 

Any thoughts?

[goinfishn]

even the CO is selling Feb 03/12 Blankstein, Gordon Direct Ownership Public market sale Common Shares 0.490 -400,000 -6% 5,861,501

[yellowjack]

WHEN TO SELL ON A POP? Nothing to worry about on this issue. There is no pop and I doubt we will see one. I was told by the company recently they would not do a financing at these prices; hello!  

[goinfishn]

They were anticipating a JV long ago but still no one is interested, this is reason to be very concerned. I am glad I sold the bulk of my shares and put it into EPO. GLTA

[vabene]

JVs need a long time and it is better to do and negotiate it properly. This could take another 2-3 months. The stock might drag on for a while but as you have seen with EPO it can also pop quite fast. Potential catalysts are e.g. a NovaCopper spin-out, a JV partner or drill results from Rio Tinto or on the Sun project.  

[vabene]

Also I was of the impression that they get enough cash with the warrant exercise but they have  lot of things going on that need money. I know that they try to avoid dilution as much as possible. Even though I was a bit surprised myself I take it as a good sign that they place the stock above the market price and without any fees or warrants. Just out of curiosity I asked the company if I