Post by
StrikeGold on May 09, 2022 3:57pm
Bought some more today
Took advantage of the dip today and picked up a few more shares. Overfunded drill program about to start to at Kliyul in a couple of months to see if they have another Red Chris type deposit.
Sometimes a new large acquistion can be viewed as negative by the market because of expeditures, but it depends on the company and the management, and that should not apply here to this management IMO. They have a top notch geologist and CEO in my opinion, so a new large project does not in any way diminish from their current projects as far as I'm concerned. They certainly will be able to spend just enough to see if the new project warrants the required funding. Not sure if that accounts for the price dip or the just the lower price of gold or the U.S. stock market.
https://themarketherald.ca/pacific-ridge-acquires-chuchi-porphyry-copper-gold-project-2022-05-09/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab