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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Message: Re: Technicals

Mar 20, 2015 01:09PM

Why do you think we should have held 35?
It is not a magic number.
No news, nor expecting any decent news, for a while so sp slides because a few are taking their money to greener pastures.
Others, like me, are waiting for it to go lower so that we can pick up much cheaper shares at the peril of those who have little faith or patience.

I did not expect 35 cents at least until end of this month, so the market has surprised me a bit.

My ideal slide is to 25 which I did not expect until May, assuming no significant news until then. With present slide of about a cent per day that 25 cents could be in mid April.
However once it depreciates that much there may be wall to wall bargain hunters and that would provide a sound support level well before that.
I watch the sp behaviour every day and might just as well lose patience and buy before the low, where ever it may be. It is a question of interpretation of sp and expectations.

You seem to give some power to 35 on basis of some technicals? What technical may I ask?
Ed

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Mar 20, 2015 05:27PM
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lol
Mar 20, 2015 06:40PM
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Mar 20, 2015 08:17PM
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