Speculativestock.com comments on halting
"With the stunning turnaround yesterday from an opening price of $1.40 to a close
of $2.03 on incredible volume, we have to assume something big is up. Especially
since the stock was halted by the exchange this moring pending clarification
of the companies affairs and disclosure.
We know the company's property in Wells has been given a very critical look by
nearly all the major gold producers and that Teck was apparently the last
visitor
early this week for, we believe, a third look, while they were preceeded last
week by Barrick and Hunter Dickinson and Anglogold. The week prior Homestake
was on site as well as Placer Dome.
The significance of this discovery is still not fully realized. This is not a
pump and dump based upon some minor mineralisation. This is, in our opinion,
a major discovery that could have far reaching effects.
We have postulated on a number of ocassions that this new discovery is one of
the zones where the Placer Gold comes from after William Dietz found gold in
Williams Creek ( named after Dietz )in 1859 but that became the famed Cariboo
Gold Rush, in 1861 after Billy Barker struck payload by digging down to bed rock
and hauling out gold by the pound.
We know the new zone of gold contains massive and minor sulphides that hold the
gold however we have heard unsubstantiated rumors the discovery has gold in two
forms. Free milling and tied up in the sulphides. If this is the case, it
becomes
clear that the free milling gold will be washed out by hydraulic action into
the creeks and streams which would create the Placer deposits found in the
Barkerville
and Wells areas. No one however, to our knowledge, fully understands how these
placer deposits were created in areas where there does not appear to be a mother
lode.
In the event we are correct that this is the mother lode we do not expect it
to be the only one and the whole area on both sides of Williams Creek and the
surrounding streams may also host this type of deposit.Because of the location
of the new zone it is more than likely also the source of the placer deposits
in Lowhee Creek on the Wells side of the mountain.
Going back to the halt trading, we would assume because of the number of major
companies actively doing their due diligence on the property, that one of them
has made a move in regard to Wayside and this information in todays
electronically
wired world is getting around like wildfire.
If this is the case and we make every assumption that it is, then this stock
will skyrocket when it reopens.
Until then, happy sitting waiting for announcement time for eveyone.
BJ
Speculative Stocks
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so and any investment decisions made on the basis of this information are at
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