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It is a dead period that will likely

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TMLonggun   Friday, 10/14/16 05:56:51 PM
Re: 03A3 post# 220
Post # of 262 
It is a dead period that will likely end within 6-9 months (or perhaps sooner but I always add to timelines in order to be conservative). Everything moves slowly in the mining world but if SCY is still languishing without news in 6 months I will be rebuying the shares I sold earlier this summer, because its price will probably be lower because without news a news-driven company has nowhere to go. I knew it would be boring so I took profits and bought MXSG which is just entering an exciting development stage, just finishing construction and nearing a gold pour. I only made that decision because I have played the junior game dozens of times and that experience gives me confidence in what I am doing. I also have enough SCY that if they are financed tomorrow I will cheer instead of cry.

Trading in juniors can be risky too, often people sell and are forced to rebuy higher. Never short a junior or mining stock unless they are not drilling and are obviously garbage or you might be paying back a negative 5 bagger. The best advice for this I know is to keep a strong core 75-95% and trade the remainder. But when you are buying and selling be careful to trade the extremes. Juniors are volatile, so take advantage of it. If the stock goes down to 10 cents on good news, buy. If it trends up in a straight or near straight line for a uncomfortable long period (weeks high 14 rsi, etc) then sell -- you can often get free shares in a week or two when it cools down.

SCY has already told us what is coming:
• Timetable and milestones to production 2.
– Mining Lease Application on file now, ML anticipated in Q4 2016,
– Seeking project funding with ML grant-also Q4 2016,
– Construction start date – Q1 2017.

2- subject to financing. The financing is key. So be careful as that timeline gets long in the tooth, you do not want to sell the day before they announce financing on average-good-excellent terms. The better the terms and volume of the raise, the larger the reaction. If they raise a small tranche for a few million at bad terms that would be a stopgap and a bad sign.

Ideally this will drift down until it is financed (darkest before the dawn) and once the last few ducks are in a row SCY should gradually increase during construction and then begin a boring, but profitable stage of production, expansion, and hopefully padding our pockets.

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