I must say that I am very pleased indeed, with the trading of these 2, since the run up......SPQ in particular has had very little selling by retail holders...I believe most of those holders are starting to realize some of the "true" value of SPQ, and are holding on for much better prices....excellent to see....KWG has traded substantially more shares, for about 3 weeks now over 50 Million shares, since the PP they announced...Cannacord seems to be "manipulating here, with a late dump....
Thre's no question in my view, that some "manipulation" is taking place to drive these 2 down, as much as possible...Two thoughts here....First is especially on SPQ, every Million shares they dump on market, is 1 Million shares they have less of SPQ....These late day "dumps" are meant deliberately to scare and frighten SPQ holders into selling their shares, since SPQ holders have been holding very tightly indeed...
The 43-101 is just around the corner...2 1/2 weeks maybe...Again I would like to remind all, that this will only be a very partial, actually 1/3 of Big Daddy, with 2/3 left to drill report, and only down to 300 M.as evidenced by the Gravity Geophysics...Also that Gravitational Geophysics map, as stated by SPQ, shows the BD deposit extending well into depth, as it widens....In addition, BD EXTENSION has not even been discussed let alone drilled...that's yet to come...BD Extension is located west of BD, and is approximately 2/3 rds the size of Big Daddy...It could be Chromite or? Nickel...
This deposit is going to be BIG indeed...I and others have suggested, and now geophysics has proven BD goes in deep below, and that the "motherload" is actually beneath it....One can see from said Gravity Geophysics, how BD extends North Eastwards towards Firs Black thor etc, and then extends North West towards PRB all coming out of Big Daddy...
And let's not forget the PGEs which already forms part in the Chromite, which also be found separately, as in other deposits...And of course the Nickel, which 2 separate holes discovered..YES there is excellent reasons to hold on very tight to your SPQ, for the longer run...As these fantastic results are confirmed in updated 43-101, and become p ublic SPQ will attract much more attention, perhaps world wide...
As I recall my previous conversations with an SPQ important source, that the real action will begin as soon as the "partial" Ni43-101 is released, and he included potential bidders for SPQ....
So my advise is the same...Please just keep holding tight to your SPQ shares, and or buy more if you can afford it, I know I will be buyin much more as soon as I free up some funds from my Gold Jrs as they move up ..The above noted Gravity maps can be found on SPQ home, section labelled "BIG DADY EXTENSION"...
Good luck to all...
IMCO
JD*
http://www.spiderresources.com/