the importance of a 1/2 penny or a penny

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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keegann

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the importance of a 1/2 penny or a penny

posted on Oct 16, 2013 12:30PM

there have been a few posters commenting on the recent down trend. most days the stock has ended down a 1/2 penny or a penny. not much in the big picture?

it certainly is and there has been tremendous pressure put on the price by those wanting more at that 1/2 penny lower. every share earned at a lower price will be a huge return to the upside when not starts to climb.

i think rosbg alluded to that struggle several days ago.

so what happens when not goes up a penny?

were i to hold 100,000 shares, a penny equals $1000. that's for me, a really small time holder.

another poster indicated he held close to 500,000 shares. thus he sees $5000 a penny.

so, what about the big guys who hold 42,000,000 shares. now tell me a 1/2 penny or a penny really isn't that much.