HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Support for SP

Support for SP

posted on Oct 31, 2007 05:10AM

Oddly enough we might see price support from some of the big players who bought in above current price. Pinetree and others do an end of month calculation on market value of all their holdings. I'd think they'd prefer to have that as high as possible. If they felt it was a good investment at $5.40 then some of them should be buying to support a bottom of $5.10 and average down their costs.

 Just a thought, who really knows until the market speaks. Wish it didn't speak so loud some days but there you are.

Can't see it dropping below $5 at any volume of shares as drill and assay results are solid and potential upside still outweights downside.

Funny situation for me to be in with cost of shares higher than market. I did take money off the table, like some others, but bought back in yesterday. Will probably do more of the same today if we see any temporary dip in share price. 

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