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

Free
Message: Chatted with Neil

I know that the SP has been battered since closing on Friday, but I just couldn't help but picking up another small chunk of 100k this afternoon. The bid was at 10 and the ask at 10.5, and I looked at it, and thought it was good enough that I just put in a bid at 10.5 rather than wait and hope.

Put it this way, KWG just closed a PP at 0.12. I don't think the share price drop over the past few days is indicative of anything but misapprehension on the part of investors. I doubt that it is advance news about the 43-101. People are worried about Greece, people are worried about the RS. I was worried about passing up on a good potential gamble. Emphasis on gamble, but there are far worse stocks out there.

Another thing to consider ... when I bought that chunk, the volume was just under a million. Think about it: I just bought some more on the spur of the moment, and I created 10% of the day's volume to that point. Don't let the lower share price worry you too much - the volumes are very insignificant.

Share
New Message
Please login to post a reply