InvestorsHub Logo
Followers 102
Posts 19368
Boards Moderated 1
Alias Born 10/07/2010

Re: F4Uvet post# 10005

Thursday, 09/08/2016 10:35:13 AM

Thursday, September 08, 2016 10:35:13 AM

Post# of 47601
The stock reacts favorably to news, and has done nicely since Jan and the 52 week lows.
But the recent update saying it looks like full production in Oct. was not widely dispersed to media outlets and is not the same as saying "we have commenced production". Factor in, that people who bought near the lows are probably taking some profits, with some bid whacking to get their shares sold, and add in the ever present quiet flippers,, along with a high share count, and this is what happens. The actual production announcement may get this to .10, and the big one after that would be MarMar has recouped their startup expenses, and the 50/50 split has started. Once the gold is flowing, how high we go is anyone's guess. Any other news regarding grades, other mines, etc. may also help the pps.
Just my opinion. Good luck to you.




My posts are not meant as investment advice. Always check company filings and do you own Due Diligence