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Message: SNOWFIELD ANNOUNCES SUPER FLOW-THROUGH

Re: NR

in response to by
posted on Feb 21, 2008 10:50AM

I would say that most expected one of two things:

- some info about the diamond counts from the samples sent out already.

- news from ongoing drilling operations, ie. a new kimberlite formation found.

News is good, but not that good! To me (a newbie, but I have some tech knowledge) I would say that in the short term, share price will float around 0.45 +/- as the new private placement is at that price. Not many would pay much more when someone is getting a few million shares @ 0.45.

Longer term, that same someone is willing to accept warrants @ 0.90, so there's solid belief that share value will rise above 0.90.

Diamond counts next week, I hope?

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