Wolverine Resources Corp (WOLV)

[Dragynn]

Looked like a lot of buying actually to me D, the sales were going off at the ask in the morning, lot of buys at .04, and on much much better volume than average, a good sign indeed.

Now in all fairness, the thing to consider with the sells at .03-.035 while seemingly incomprehensible to us, make some sense when you consider that the company has been paying some of it's bills with stock at a figured price of .03, and some folks just might need to go ahead and collect their paycheck.

I did a basic back-of-the-envelope calc based upon their stated cash needs to complete phase 5 of their plan, and assumed they would have to sell stock for every bit of it. And still, this amounted to less than 20 million shares, which would put us at an OS of around 88 million, a somewhat ridiculously low number for a junior miner on the edge of JV'ing or producing (which they should be at that point)...for comparison, I also own SRSR at probably close to a 900 million OS by now, and roughly the same price.

I saw some across the board weakness in junior miners yesterday, i'm actually encouraged by WOLV holding it's range.

GLTU!