Post by
Digger0144 on May 10, 2022 8:01pm
Searching For a Cataylst...Regional Exploratory Drilling..
In my opinion this is not going to work...I am very familar with the Region and the information that was released today is...same old..same old. In otherwords tell me something I do not already know.
There is no doubt in my mind that this is a diversionary tactic...the Crawford Deposit has lost its appeal and the market is not buying what they are selling. I have seen this over and over again...not going to work.
Exploration drilling is very expensive. They are desperately searching for a cataylst prior to August 5, 2022 when the recent Private Placement restrictions are lifted and the 10 million shares plus will be allowed to trade on the open market. Issued at $3.10..stock now at $2.14..in only a month. I see further downside from here...the irrational exuberance will quickly fade.
There has been mention on this board that 25 new institutional investors have come on board in the last money raise...think about it...do you not think that a majority of them will feel that they have been duped. Most of them will dump their holdings...to be sure! How many do you think there will be left standing once they are able to trade their holdings.
Exploration Costs which include drilling, mapping, core splitting, geological interpretation and assaying amount to $300.00 per metre. If you have the goods that money should all go to the Crawford Deposit..do you not think? There is so much more work that should be done there...again...if you have the goods. Come on...the Crawford Deposit is over 2 kilometers in strike length.
Notice how the latest drilling results have already diverted "your" attention from the real story....false hope in my opinion.
Again...not going to work...the market is on to "them"..the market has been speaking loudly for the last month.
All the best!
Digger0144
Comment by
CravingProfits on May 10, 2022 8:10pm
Digger...did you factor in the growth potential? Of course I could be wrong but if Crawfird was trading at $3.40 when I bought in....what in your opinion could they trade at after doubling or tripling their district size deposit? Give it some time though. Glta
Comment by
CravingProfits on May 10, 2022 9:24pm
Digger...and who might those friends be? The mayor and conservative PM candidate under Doug Ford or just working at the fast food outlets? Like some of us? Please tell me more. Glta
Comment by
Digger0144 on May 11, 2022 10:02pm
Hey CravingProfits... I have many friends in Northern Ontario from all walks of life..I respect each and everyone of them and treat them all the same. Regards, Digger0144
Comment by
CravingProfits on May 11, 2022 10:26pm
Digger...no disrespect but friends do no necessarily mean astute investors. Un less you know more than I do of their acumen. Glta
Comment by
EndZonefor7 on May 10, 2022 11:19pm
Exactly IgnacioCashmere. Best to put on ignore. These types that post on dozens of boards like they are in the know are usually washed up wannabe geos trying to short or want to buy more lower. I think there will be a sea of regret by many when all is said and done.
Comment by
EndZonefor7 on May 10, 2022 11:15pm
Good post Sam. A nickel sulphide deposit is "dirty" so therefore is uneconomical too but grade is increasing as well as metallurgy recoveries ? What does he think Sudbury and Thompson deposits are made of that have been producing for decades ? Sulphides. Never seen so many trolls trying to "save" investors.
Comment by
EndZonefor7 on May 10, 2022 8:43pm
Material info of new district discoveries on a few of 18 properties is a diversionary tactic ? Market speaking loudly the last month ? The entire global markets have been tanking the last month. What rock have you been hiding under ?? LOL Last of the shorts is in denial.
Comment by
EndZonefor7 on May 10, 2022 10:58pm
Digger, The price spiked so they could get the $4 FT and stagger it down. Dirty game but that's what happened. Strategic could step in at anytime still. If one was that close to a deal you don't think there aren't others ? Narrow minded thinking. The market sold off from $2.70 like all the other nickel /mining plays. Overlap the charts. All identical. You clearly missed the boat.