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: Patiences is a virtue.

Patiences is a virtue.

posted on Apr 15, 2008 11:28AM
If I were a one of those investors who took advantage of the warrants I would not be happy to see todays SP action, but assuming they are seasoned investors they are also not surprised by it. To me support is around $5.13 and that is where we are probalby headed until such time volume comes back into the play where the buyers regain control of the play. Until such time the sellers or MM or others will continue to cause havoc in SP requiring all to demonstrate some patience. If there are hard stop losses expect to be taken out (depending on where you set it) as during periods of low volume the manipulators find ways to steal your shares so be careful. Also, there is nothing wrong with taking profits if one is not comfortable with uncertainty as we wait for news, but I still say it comes with a higher risk attached to it. News generall comes when we least expect it or when we just give in and news for sure is in the making as we speak. For some reason it is taking much longer then what have become accustom to. Depending on what level of risk one is comfortable with should dictate ones actions. Since I have a higher risk tolerence I continue to hold for the next NR and hope that it is specific to long overdue assays which I do expect to be positive; how the markets view them still remain to be seen. Either way be comfortable with your decisions.
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