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: low is higher

Re: low is higher

posted on May 07, 2008 09:38AM

Your point being? Keep in mind that the low volume of trading makes it very difficult indeed to put any real meaning on share price outlook.

We lost almost a dollar gradually over a few weeks on low volume until the MM's managed to temporarily force price down and scooped share from people with $4 stop losses. Personally I think even without news we should be able to claw back most of that price errosion but it would be on low volume which makes even higher pricing suspect.

What we seem to have working in our favour at the moment is long holders refusing to give up shares. Of course there will always be some sellers but not enough to hold price down.

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