No Pop?

Welcome To The Spider Resources HUB On AGORACOM

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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SnugTheJoiner

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No Pop?

posted on Oct 21, 2008 10:59AM

Two things are possibly working against SPQ:

1) It's easy to buy 100,000 shares at 4 cents and sell them at 5 cents... make a quick "thou". Some have confess to having (and doing) so.

2) I suspect that the likes of Rosseau Asset Management is accumulating. If they don't win the proxy fight with Noront (they won't), then they may think there are other fish to fry.

So sell only if you have to. Wait for great news. This morning's NR was stating something we knew was going to happen - 50% earn in. It wasn't material to any upward movement in share price.