Clean Energy Transition, or transition.inc, is focused on opportunities to generate positive cash flow, across the energy transition

Free
Message: Re: Any bets?
4
May 09, 2008 11:34AM

Re: Any bets?

in response to by
posted on May 10, 2008 10:33AM

Let's summarize [ and speculate :) ]

-Wednesday the stock wakes up and takes off climbing 43% on "no news"

-Thursday we get news and the stock takes a bit of a nap

-Friday the stock responds again, possibly becuase of the MoMo from Wednesday and or the digestion of the Thursday's news and climbs another 28%.

-So what's cooking? The drill results are exciting or the model is unreal.



-"The new assessment of the VTEM data, using a proven computer modelling technique, has accurately identified the size of the discovery zone and the potential for similar mineralization at depths below any drilling to date. This modelling software has been successfully employed in the Australian Kambalda mining district for well over a decade by CSIRO and Macquary University, and has been further supported by international mining companies such as Western Mining, BHP and Anglo-American.

-The new modelling has detected numerous large conductive bodies at depth that have geophysical signatures similar to the discovery zone. The conductive bodies occur at depths of over 300 meters beneath the discovery zone. They can be traced for over 2 kilometres along strike. They have never been tested and occur well beneath any drilling to date. One of these deep conductive bodies is currently in the process of being drilled and the stratigraphy intersected at depth to date possesses strong similarities to the rocks hosting the Langmuir nickel discovery. This is the first drill hole to be drilled on these deep seated conductive bodies.

- Management is extremely encouraged by the results to date and plan to continue to test these deep conductive targets with two drills.

- A block diagram of the large conductive bodies identified by the model will be available on the Company website, www.goldenchaliceresources.com, within the week."

PRICES
Date Open High Low Close Volume Adj Close*
9-May-08 0.78 1.05 0.77 0.95 966,300 0.95
8-May-08 0.80 0.80 0.73 0.74 270,800 0.74
7-May-08 0.55 0.75 0.55 0.74 548,800 0.74
6-May-08 0.52 0.56 0.50 0.52 211,000 0.52
5-May-08 0.51 0.53 0.48 0.53 141,000 0.53
2-May-08 0.48 0.52 0.47 0.47 132,900 0.47
1-May-08 0.53 0.53 0.50 0.50 8,000 0.50
* Close price adjusted for dividends and splits.

Share
New Message
Please login to post a reply