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Sunday, March 21, 2010 5:40:35 PM
It is impossible to beat the market makers on the OTC unless you have something that just blows their shorting power out of the water. We didn't - we almost did, but we didn't. TSX listing will become the lead listing and the OTC and Frankfurt markets will follow due to arbitraging. This financing and the $17M two years ago were all Canadian institutions and they will have a lot of power to move this stock up on the TSX.
My call on when? .... End of March TSX listing, followed by even more good news from the past drilling, add to that the chemical lab results that will prove this is acid leachable (giving an all-in cost of under $3/lb). By end of April I would expect no less than $2 per share for ENGZ.
I have been saving cash for the pullback to low 30's which I think we will see this week coming up. Why? Because the big boys wanna play.
JP II
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