Re: FACT...Price Target $1.13 & Darko
in response to
by
posted on
May 02, 2014 07:27PM
I completely agree with Captaintime. Also, check out slide 10 of the new May Corporate Presentation. The predicted trend did not allow drilling to capture the optimal results of the HGZ.
I couldn't believe several years ago how this play ran up to around 3 bucks and only to retrace to 1 dollar. That's when i got in and considered myself so lucky. It has since had several wild trading ranges and there's no doubt there's big money to me made on both swings. I think this is being set up for the next catalyst, ie. the 43-101.
One thing that has me worried is the trend of companies being acquired. There have been several in the last few years (eg. Rainy Rivers, Trelawney) that have dropped before a pending deal was offered. So that would be bitter sweet if an offer came in for something in the high 3-4 range. I think we'd all agree that would be a huge dissapointment, but still a tidy profit for most.
This is a great board for the most part, i enjoy reading everyone's contributions.
Many thanks and good luck to all.
Eudai