One of the issues for SPQ is the number of shares out there. There are a lot of people who are daytrading the shares, making a few hundred dollars everytime the share price moves half a cent. Not a bad game, but it can bite if they are short at the wrong time. I know, because before I found this board, I was doing the same thing on and off, and have made enough that I now own 481k shares on my original $400 investment. Yeah, it took about 10 years to do it, but my RRSP is going to be fat when the assays come out :)

Now, however, thanks to the information found on this board, I have held onto my shares, and probably wisely so. I would normally be short right now, having shorted at $0.13 based on technical analysis. Boy, that would be fatal this week I think, as I would not cover until the price dropped below $0.10. Don't think that we will ever see that price again.

Another factor in the current price is the general market. Due to the situation in the States, a lot of people have lost money. Therefore, they are not interested in a speculative share, such as any of the ROF plays. Don't bother talking about some of the players having assets, that's not what I am saying. Until that ore starts coming out of the ground, it is basically worthless to someone who is looking to recover losses from the credit crunch. These investors are looking for stocks that are currently producing an income.

Now, when the markets start to recover and confidence rolls back in, these shares will all see higher prices. Of course, this process can be shortened somewhat when positive news comes out and draws attention to the players. There will be some excited buying, but unless there is a veritable fountain of news, the SP will climb in a herky-jerky manner as buyers take profits all the way up. This pattern will continue until the market gets better.

IMHO