Peculiar
posted on
Sep 25, 2014 11:57AM
Its always struck me how peculiar Probe trading is.
The volume is very low which always strikes me that there isn't much interest. That... I find very hard to understand especially with Probe's crhromite and gold finds so far, as well as its very healthy bank account and not very high share numbers, (therefore very unlikely severe share dilution, at least for the present). Something is very right about this company which most other venture companies are not.
The onward pressure down in SP continues to baffle me in the sense that anyone giving up their shares for the lower price offered and at the quantity being sold must be indeed in difficulty for selling. If it were larger quantities I could maybe understand. At these levels the stock is only coasting and I don't think it would take much to turn the SP around.
I would think with the rumblings going on in the Ring of Fire, with KWG possibly finding a suitor and looking to buy Cliff's ownership of Chrome deposits, that this too might influence finally the SP of Probe. Expecially where Probe's find lies in the middle of Cliff's Chrome. It would not be beyond my belief to think that someone may be knocking on Probe's door to see if these resources could be amalgamated.
I am looking forward to Probe's next NR's.
:)