trading PP's
posted on
Apr 04, 2011 08:24PM
4 projects in Ontario, Quebec and Nevada (Gold, Silver,Copper,REE)
As a hub leader and shareholder you are usually inclined to be on the pumper side of the fence. I am very opitimistic about our little company. I say little, as our MC is still quite small, as is our SP and float.
That said I wish to caution everyone with respect the a pp and when it trades. It is true that officially the pp trades today. However, if you have been involved with multiple pp's in different companies then you realize that getting your hands on your shares to actually trade them isn't so exact. What happens is that about a week before your shares came due to trade you deposit them with your broker who in turn verifies they are real and places them with a transfer agent. If you hand them in to early they simply send them beck. I've never been able to get the date right as my shares actually show up in my trading account about 2 to 3 days after they can officially trade. What I'm saying is that most people who were part of the pp probaly won't trade till Wed. or Thurs.
We have a great deal of potential, but I also want to see a healthy run for our stock without sp spikes that are not backed by fundamental principles. That my sound dumb, but I have done a lot of research into our holdings and have a lot of confidence in our properties......all of them! I really don't think this needs pumping and if it can rise without that happening .....all the better. (I just don't want to see the same problem we all had with one of our other holdings):
At the end of the day it still comes down to the drill and the results. It sure looks good right now but we don't want to have expectations that can't be realized. We should be positively surprised when a nr shows our assay results rather than have dissapointment. Let's let the drill do the talking and if it turns out to be more of what we saw the last time then I think we will see a smooth and orderly increase in shareholder value.
If we hold through this week without dropping off then it will be a very strong signal as to our technical strength.
Thanks everyone for your great input and I wish the best of luck to all.
carry