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Re: downsideup post# 87015

Thursday, 08/26/2010 9:24:56 AM

Thursday, August 26, 2010 9:24:56 AM

Post# of 165854
I would say we broke long term support in April and created a nice bottom from July to now. Will it hold? Who knows? Our PRs based on drilling results and NI havent brought in enough investors in the past to get the volume we need for a run. Neither did the DR deal. If I had to be our updated NI wont do it either.

Will we be able to hold support until we announce a JV? Depends how much time that takes. There will be people who need to sell for various reasons, and when you have to get out you have to get out.

I still feel it doesnt matter in the long run. I am buying at these levels and hope the JV announcement and upgrade to the TSX come sooner than later. If not I predict I will be scrambling for more cash to buy some more and avg down. In the long run we are golden.