Replies to post #3306 on Bryn Resources Inc (BRYN)

[rebeccaha]

I thought it was going to 88cents but xtremepicks think this is going to adjust to 94cents. Bonus!

****************


BRYN's huge announcement on Friday after the market saying that 80Mil shares will be cancelled seems to have caught the shorts off guard and are now scrambling!

The is much chatter over the weekend on the latest news - So what does this mean and where is BRYN headed to?

Well, lets see.

BRYN closed Friday at $0.22. With 107 Mil shares outstanding that is $23.5M market cap.

Now with only 25 million shares on $23.5M market cap - the price should adjust to $0.94! Wow that's HUGE!

Taken into consideration the continuous shorting over the last week - expect a panic covering on Monday.

We expect a Huge gap up on Monday morning and our price target of $1.20 to $1.50 just got higher!

We also expect the company to continue releasing positive news driving this much higher!