Re: This always happens after news
in response to
by
posted on
Dec 04, 2008 09:33AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
tau,
I think you hit the nail on the head. There were a lot of traders/potential investors holding to see if the next news release (the one that just came out) was the "blockbuster" announcement that we are all hoping/assuming will be coming at some point. Instead, we got "more of the same", drill results that were very similar to the ones we have seen previously, certainly not different enough to drive the share price these days. Those holding solely for the blockbuster will sell, and the share price will drift up and down until the next news release. Until then, the general market will be the primary factor in determining the share price. Yes, the NR was good in that it represented another increase in size of the deposits and provided a few more assays showing that other deposits may be worth pursuing, but it was not the announcement that they have found the motherlode that will instantly make this a multi-dollar stock. Since I'm not a trader, I'll just hold onto my shares and wait.
spiny