Santa Barbara Resources Ltd V.SBL

funny

[tpaymans]

Something weird happened: In the morning there was a bid (110.000 @ 0,065). Then I bid @ 0,07 18000 shares, nothing happened for a few hours (note there was an ask 17000 @ 0.08) until someone bid 20.000 @ 0,08 and get filled. (the ask has got bigger and there were left still 22000 shares) I though I put a higher bid @ 0,075 17000 shares. Noting happened and at last I pull back that one and again a higher bid: 16.000 @ 0,08 cent.

As soon as I get filled @ 8 cent there was an offer: 50.000 shares @ 0,065. (the 110.000 shares on the bid were, I suspect, from the same hous or owner as the one who sold the 50.000.

The same house that bought the day before yesterday @ 0,08 cent sold today for 6,5 vents They are playing games!

[tpaymans]

I think they don't want to sell there shares. At least not to me, not for 7 or 7.5 cents. They just want to push it lower in case somebody is fool to sell those to them! And you know what, if you keep it low you can earn a bigger percentage when it moves up. From 3 to 4 cent is a gain of 33 per cent

[tpaymans]

Thanks for your explanation. I guess I had an extremely bad timing and therefore you are more lucky! Moved up my bid because I thought there were no more 8 cent shares  available after the 22000!   Do you think they will come to a point that they anounce a mine in 1 or 2 years?

[fleeinggrandich]

Do you think they will come to a point that they anounce a mine in 1 or 2 years?   God dude, they have to find some gold first. 5 years minimum from this point. I'm just here cos of the guy I met, and because if they have nothing right now, the first time they hit a hole that suggests they have something more than llama pasture, it'll pop. Then I'll sell.

[tpaymans]

The collared sentences does implicate that within 3 years the could be ready to built a mine of course if there is a minable resource .......   Rio Alto LOI: Under the terms of the LOI, Rio Alto will have the option to acquire up to a 51% interest in Sancos within a three year period by incurring US$4.5 million expenditures at the minimum rate of US$1.5 million a year and by paying Santa

[bwk1]

Which is exactly why Im interested in this one.  Rio will push to get results and get this one up and going quickly.   Permits are done with drill pads in place.  And they have full community support.  If the first results show promise expect the sp to jump.  People here for the short run will make money, and everyone else here for the long run will make more money.