Welcome to the McFaulds Lake HUB on AGORACOM

Discuss the various junior resource companies within the McFaulds Lake Area

Free
Message: Friday morning thoughts
1
Apr 03, 2008 04:09PM

Good morning. Overseas markets all slightly green today to end the week. Even the futures in the US are pointing to a positive opening. However on the economic calendar today we have the market mover numbers of the Nonfarm Payrolls and the Unemployment Rate at 8:30 am. These numbers should not only point the direction of the North American markets for today, but probably for next week also. At noon the auto and truck sales numbers will be released, however they aren't market movers, we know they will be bad.

Back in McFaulds Lake we had a bounce back in share prices for most of the various stocks, as commodity stocks and TSX-v stocks in general showed renewed strength. The low volume showed more a lack of sellers than an abudance of buyers. These plays need assay news from NOT to get back on investors must own lists.

On the drilling front FWR/SPQ/KWG, should be close to giving us some visuals on their current drill program. A hit by this group would bode well for all the McFaulds Lake stocks. One note of caution would be if they come up with anything less than stellar assays they will take a hard hit in share prices and won't recover until they do come up with assays the market wants. The one bad thing about NOT's assays is they have raised the bar to such lofty heights it will be next to impossible for any of the area plays to come close to NOT like numbers.

On the assay front we should be getting something from NOT shortly, hard to imagine why the assays from the core samples in Jan haven't been released yet. The slow turn around time from the assay labs must have Nemis and crew ready to pull their hair out. Hopefully once the core samples start going to the new lab, NOT can get this situation rectified and we can get assays in a timely manner.

Best of luck to all the McFaulds Lake investors today.

Al

2
Apr 04, 2008 04:07AM
Share
New Message
Please login to post a reply