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Message: floor or ceiling?

floor or ceiling?

posted on Dec 16, 2008 09:45AM

at first i thought the fresnillo take-under offer would establish a floor under the stock price. now it's starting to look like a ceiling too, at least while the offer is under consideration. the share price seems to be trapped around us$4.50 even as the price of silver and virtually every other silver stock roars ahead. i don't know if there is something more sinister going on, as in fresnillo manipulating the share price, but assuming the fresnillo offer is dismissed, this stock should do some catching up with the rest of the market.

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