Re: Why this NO Crusade - BullyBoy-Cylinder
in response to
by
posted on
Jun 07, 2008 08:11AM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
Hi BullyBoy
Re GXS
Those 2 holes were about 1 mile apart with a fairly thick coal seam.
Then the coal was analyzed and found to be sub bituminous (I believe) and not lignite which many expected
GXS does have a low float but NAG is after the same type coal with a larger float.
The float is important but if one reason for a RS is to get rid of the day traders then i don't think float matters.
The lower the float the greater the possibility of a bigger swing in either direction.
Maybe at some point SPQ will need a reverse split but why not wait until we are closer to that time.