Scenario ?
posted on
May 13, 2009 07:08AM
Here's how I think it will play out. You have to crawl before you can walk, and walk before you run. The crawling stage is over. Now they must "walk" the property and find the best place to start, in regards to production. Therefore, the drilling will continue and in the process expand their resources and verify what is known. I don't look for any drastic price rise, just slow and constant to the upside. Of course there will be interruptions due to market volitility and possibly short selling, in the beginning, until the shorts have left. The rise in gold prices may help, but then I dont expect gold to start its real run until the fall. Next spring and summer things should really start to happen. This financing news is what all of us diehard longs have been awaiting, and like has been said a few times already "this is only the tip of the iceberg" It is reasonable to think the SP will reach $1/share at sometime in the future, as it seems to be the milestone that the financing is based upon for future share sales to Ashborne Ltd. eg; 70% if under a $1, and 80% if over a $1. This is my interpetation but correct me if I am wrong. Don't want to get everybodys hopes up too soon ! Watch the volume, as that will say a lot. In regards to a reverse split, that wouldn't surprise me at all. Probably 1:2 or maybe 1:3 depending how much more dilution there is. If it proves to be a good move for the Company/Shareholders then I'm all for it. We've all waited (at least most of us ) for quite some time, a little longer isn't going to hurt. $ilverado has turned the corner and hopefully nothing but GOOD lies ahead. This is a great board. Intelligent, witty & humorous, albeit sometimes aprehensive, but I always look foreward to reading everyones comments on almost a daily basis. Keep up the good work as it looks like our patience will be rewarded. Koala