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Tuesday, June 06, 2017 10:28:39 AM
However, I'm not so sure its a certainty we won't move before. We have been consolidating for a couple months now. Last run up was from this level to .24 in about 3 weeks and it was on the expectation that production was going to be announced in Dec. Over the last couple months those who are tired of waiting have been selling and those who CAN wait have been buying... At some point this is going to create a new supply/demand balance IF the company keeps putting out PRs like our last one showing that the are getting closer to releasing that 8K of the gold smelt. We've had a couple bigger volume days due to disappointment where shares have transferred to those who are willing to wait... This could shift the trend.
I have no idea what will happen, but I would not be surprised to see this run back up before we get the actual 8k with the smelting $$. We know now that the 8K with this information will most likely contain a boat load of gold and silver since it will be double what we originally expected. Now it may also contain high grade gold - so it could knock our socks off and blow the top off this stock... time will tell...
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