Nilam Resources Inc (NILA)

[crable]

They are looking for new financing at the moment for some new acquisitions. So we could see some news regarding that. Gold has been taking a big hit the last two days which hasn't helped us any and all of the pinch plaers are gone or riding free shares. The upside is that we have a new base, and are attracting new blood, plus the company has revenues and has a very low float. They have not needed to finance through dilution so that is positive. I think this still climbs up, but it will be a slow walk up rather than the explosion we saw last time. The last two days have killed the charts for now. They need to reset. Still a good fundamental play, but not a good technical one at the moment. We smacked the MA(20) pretty hard and didn't get a bounce yet. Good luck!