Post by
Stooge on Jan 18, 2011 12:08pm
Look at Shares, Not Assay Results
I have never paid attention to assay results and never assume my speculative holdings will produce a mine.
But I focus on the shares being issued and traded, warrants, incentive options - particularly by insiders.
The activity today is manufactured to absorb shares coming from exercise of warrants. So more shares are now outstanding and there is cash piling up in the bank. After this blip, there will be another move up as more plans are announced for this extra cash. And there is that mysterious Special Meeting coming up.
I'll report tomorrow if any of today's trades are by isiders.
Meanwhile we should not (but we will) focus on the hour-by-hour trading, but just go away and come back in a month.
Comment by
Patg73123 on Jan 18, 2011 12:25pm
Well said...that's exactly what's going on and what will happen IMO
Comment by
jtrealistic on Jan 18, 2011 3:05pm
Lot of angry people on this board today, I always look at shares outstanding and results as well as recent PP. I am so glad I stayed away from this thing today as some people were pumping this into the 30`s.. The bids are now at .18 and it opened at .17. Although perhaps it is a decent entry point here.