Re: Do we reach the 2 $... way undervalued
in response to
by
posted on
Oct 31, 2012 10:11PM
It seems interesting that both Agnico Eagle and Probe made new recent high recoveries today at $56.99 and $1.96, respectively. Following the news of the Goldex closure Agnico made a final low at about $31 a share and Probe traded down to $0.91 or so. Could the M zone be coming into production sooner than expected? No question that Agnico's share price was helped by their recent reported higher 3rd quarter earnings.
I believe the increased buying in our shares may be related to the recent pulling of completed drill cores from either the M zone or at Borden that are showing good color. It's fairly difficult to silence some crew members when they hit the bars and as everyone knows, news travels fast. Can't imagine it could be anything else all of a sudden in the past few weeks. The gold market within a medium term consolidation formation and its recent weakness from the $1780 area is not motivating the public into our shares all of a sudden. It is believed that inside information is driving the shares.