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Strategies & Market Trends : Ride the Tiger with CD

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To: hank2010 who wrote (124746)7/22/2008 11:11:45 AM
From: Michael Mc Donough  Read Replies (2) of 313930
 
RE GXS I think the market has already discounted hole 4 being a dud. (I have). Not sure what the sense was of drilling further south another 1000 meters after the first miss. (I'm still confused by this program as I believed they were first twinning the two initial holes..this would have allowed some time for the play to develop to mid Aug). The hole to the NW will be key for Wescan as that appears to be in their neck of the woods. The initial belief was the seam ran south east (as per their scheduled drill holes. That obviously may change)
Have a look at houses 124 and 81. They appear to me to be the key. They were in early and were selling last couple of weeks heavier than most. If they reappear on the buy over the next couple of weeks that could bode well. Interesting the biggest buyers last two days are big banks, Gundy, BNS, RBC Td and our friend Anon.
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