Re: Two icebergs at .64- from Anon
in response to
by
posted on
Aug 31, 2010 11:20AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Thanks for your posts, Positive Carry. This " iceberg " term is relatively new to me and I have been in the markets seriously for some years. But keep your ryrs open and you find there is always something to learn. I think it was Glorieux that first introduced me to the term, but I brushed it off as small potatoes. These numbers relating to how many shares are represented at the bid or at the ask can change in the blink of the eye. So I dismissed my ignorance as something to not worry about much.
Now, I have not changed my view ( I could be wrong on this ) but yesterday one poster with courage asked about the term and what it means. I read the explanation so now at least two of us have a better understanding about what the term means. I don't wish to imply that " icebergs " do not matter given that they can swell or fade away pretty quickly. They still have to be bought through before much movement can happen.
So today, another wrinkle appears. In both examples above there is the letter " i ' in red. Could you explain what that means. Perhaps then, the significance of it will reveal itself. Thank You!
I read the latest news posted on Cedar about GNH. I tried to read it carefully and objectively. That is rather hard to do given all the rosy expectations, but I tried to look for anything that might discolour the outlook. I rather like the idea that a few have mentioned here. I think that they refer to Tilsely as looking for evidence his hypotheses is not right. So I read this with the same effort. What I read seems to substaniate everything that those who visit the site write. I'm sure the efforts from those who visit the site are appreciated by those of us who cannot make the visits.
Recently, the idea of processing some of the rock and pour gold to help finance the project has been floated. I had been wondering where they could transport the rock to extract the gold. It seems to me there are no facilities close by. Would a mill not have to be built? I believe this is some time in the future and most likely will fall to whoever buys out GNH, but will not some company have to do this?
Just a few thoughts running around my mind. Thanks.