posted on
Dec 16, 2011 04:14PM
TODAY'S DISCOVERY, TOMORROW'S FUTURE
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Message: Re: PEA
That could be one explanation for some of the high volume days we saw earlier in the month.
People with the understanding that the PEA would be delayed could dump shares bought at a higher price, log the tax loss and have 30 days of room to pass before re-entering prior to the PEA. Note I said "understanding" not "knowledge". Not alleging any impropriety here. Just acknowledging some of the realities of the venture market place.
Have stated before that if it wasn't out this week then might as well wait for January. For many people this is their last day at work until the 2nd or 3rd depending on what days the markets close in lieu of the New Years stat which falls on a Sunday.
Wasn't planning on selling on first news anyways so a little more wait doesn't bother me. Perhaps the interim will see a bit more global stability. Markets in general do not like uncertainty so launching from a more stable platform such as a firmer, more consistent gold price just has to be a good thing.
For those of you who are utilizing your Tax Free accounts to hold some PDG, January opens up opportunity for another 5000.00 addition to those funds.
Onward and Upward
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