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Alias Born | 02/02/2011 |
Thursday, January 12, 2017 8:56:59 AM
News might be imminent, as at the moment the stock is not pumped or hyped anywhere, so there might be insider buys underway. Long timers are sucking up the tight float, it seems.
Level 2 looks good: BID: 13.577 mio shs, ASK only 0.73 mio shares in total.
This is Bid to ASK ratio of over 23.5 (Without any News)
If positive news come out and/or silver finishes its correction and returns to its big bull market move, this stock might repeat its old history (like silver spruce resources (SSE)might also do some day) and rise from the current level into dollar territory.
Oremex traded near 0.05 CAD in 2009 and rose to 0.44 CAD in a matter of about 12 weeks. Let the right news hit and we are off into dollar-land.
(We might still need a private placement from Sprott or a good hedge fund though)
The posts above depict only my personal opinion
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