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Re: Monk post# 16169

Tuesday, 10/28/2008 1:54:47 AM

Tuesday, October 28, 2008 1:54:47 AM

Post# of 83048
Thanks for the chart info, but I'm hating it. We have a couple of possibilities here. First of all, the company needs to raise $2MM to open the mill. How much of that has already been raised we don't know, but probably at least half of it since we are creeping into November.

The other possibility is that several large shareholders feel the need for cash and are selling. Why they are selling this low is anybody's guess, but if they have a ton of shares and they didn't have to buy them then it doesn't matter what price they get for their shares, they are making a profit--albeit a lesser profit than if the pps was higher.

The likelihood is that both scenarios is playing out and the international price of copper has declined. I believe the price of copper will come back up, but everything considered, the next few weeks look bleak.

The great ray of sunshine is the actual commencement of production. When that happens late November, early December we should see some positive movement. Until then, if ya got it, buy it.
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