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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: Friday's trading - Snug - Rundle
12
May 01, 2008 12:58PM
2
May 01, 2008 08:45PM

My take at this early point with respect to the market reaction is that it is a sleeper. Whether it is a sleeping giant only time will tell. We have all been waiting for the news release to see how the market reacts - the fact is we are getting a bit of a "neutral" neither hot nor cold. We have to recognize that this is a long term investment. We are only now getting some drill results - more to come. Obviously we would have liked some real sharp positive market action - that is not forthcoming. So - patience folks - long tedious forebearance is the order of the day.

Markets in commodities are typically down this time of the year - we might get a spark or two but the real jumps come in mid to late Fall. Once the summer drill season is finished we will have a better handle on what we are dealling with.

Having said all of that I much prefer a slow steady rise in the SP than a quick up followed by a sharp down. Steady climb is, imho, a much better way to go. We are amongst the cheapest SP in the McFaulds area - that - combined with our potential, and our already proven material in the ground should mean that we have seen our lows.

The problem right now will be those who do not find a quick turnaround to their liking and begin to abandon ship for another...but that is part of the game we have to expect that as well.

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