Re: Mr Beauchamp continues his insider sales. posted today
in response to
by
posted on
Dec 23, 2010 12:38PM
Focused on the Rice Lake Gold Belt
...one never knows why shares are being sold, as in - vestors we all have our own reasons.. Junior exploration is a tuff business in Canada as drill results speak for themselves. The market to-day is well versd and quick to react to any news so how news releases are written spells your thoughts and as investors we react. SKP last news release was very informative but yet the share took a pounding to the down side so lets read between the lines, (
Analytical results have been received for the first 5 drill holes and did not return significant assays. )..so how much is significant i do not know as we are told and have not see the resuts. I guess investors were hoping for SKP to repeat SGR numbers and hit the sell button. Analytical, ( the analysis of material samples to learn their chemical composition and structure ) results were a big success as we proved up a west-northwest trending zone of intensely sheared potassic-silica-ankerite altered andesitic volcaniclastic rocks within the hanging-wall over a strike length of 2,000 metres. Drill hole 10SP-08 intersected a 26 metre wide zone of intense deformation and potassic-silica-ankerite alteration, containing quartz veins of 0.42 and 0.44 metres width at a downhole depth of 69 metres.I see this as positive as SKP has found the right chemicals in the drill core to lead us in the right direction...PS; should we be worried SKP geologist is selling, Season"s Greeting "s to all. Long On The GoldenFairWay, Feng Shui East West , Traps7