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: Re: Bottoms Up!!
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Jun 19, 2008 12:38PM
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Jun 19, 2008 02:33PM

Hi Sum: I am very sympathetic to to your view, and understand well why it appears to be total manipulation. But as long as there are arm's length market sellers at those lower and lower prices, it is not really manipulation. We may feel these sales for example are all some form of wash trades taking it lower, but it is unrealistic to think there are not normal everyday holders selling to those prices. It is people who put themselves in a position of having to sell at a particular time regardless of price that feed the downward spiral. The reality is I would be adding to positions at these prices except the latest news and developments just do not warrant a higher price. It is market forces, not collusion at play here and the drop will not reverse until the market thinks its worth more. Several more weeks in this market could see the price well under $3 before some kind of material value event is announced. Then, a lot of positive events/forces could push it higher quickly but meanwhile down it will go. Keep your fingers crossed for a quicker resolution.

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Jun 19, 2008 04:37PM
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