Post by
GETaLONG on Feb 12, 2021 5:48pm
Hello Phoenix & Fergie. It looks like it's just the 3 of us
I think we lost of investors in the 'Owl Capital/Southern Empire' shuffle. Then the MAS Deal. I'm still a little confused myself and I've been an EROS fan for over 10 years... or should I say 'stuck' here that long. [ I am trying to recoup what I lost from Ron's "Flagship" - Golden Band Resources (GBN)... now 'defunct'.] Anyway,.. didn't come here to complain, but to share an observation from the U.S. side of trading today.
I picked up a couple more shares of SMP, but I notice a 'huge' gap between bid/ask:
.21-.64 cents Now maybe I'm making more out of it than it is, but it seemed 'odd'- especially since I was able to purchase shares way under the 'ask' price.
Here's my thought- With Oro cores in the Lab this weekend, I wonder if maybe that was evidence of a 'leak' as to what they saw in the core, at the drill site. Things could really 'break loose' here.
Here's my following scenario: 1) Announce stellar results (during the short week)
2) PP (at elevated price)
3) Announce Plans for additional drilling
4) PDAC [March 8-11]
5) Announce 'follow-up' killer results during PDAC
Wishful thinking for the Weekend.... but I think that .64 cent 'ask' was a 'Tell' as to where SMP is heading & in short order.
GaL
Comment by
mferguson71 on Feb 13, 2021 9:11am
I would add that the continued insider buying at levels higher than current stock price is a major plus for the stock as well. I dont knos If we see results that soon. Very hopefully. I agree in the release a few holes and try and prop share price up to do a pp though. That is a common strategy being done in today's market.