>>>Frank - the time is ripe for bigtime attention to this Alberta diamond search.<<< Not yet, good chunk of investors won't get in until after 1000ton sampling for Ashton is complete. Speculators who can afford to lose, or are willing to take a risk are accumulating at these prices.
My scenario is as follows for most people, if you think they'll proceed to 1000 bulk sampling, take additional positions at these prices, if you're not sure, stay on the sidelines and pay a premium when it happens. Back in the early 90's when I played Diamet, stock was halted and when it reopened on news such as Excellent bulk sampling results and announcements that bigger bulk sampling is required, there was panic buying. I recall on a couple of occurrences that the VSE delayed trading for a least an hour due to an inbalance of orders. Will that happen to Ashton. Probably not cause people are more greedy today and would only want to hear releases such as "We have diamonds to justify a commercial mine, how next phase is to develop a feasibility study". That will not happen that quicky. Funny enough people want to hear that and be able to buy a stock such as Ashton between 5-6 bucks and be allowed to sell/maintain it on the above example at $50.00.. Let's be real, it ain't gone happen.
The higher the risk we take the lower we'll pay for a stock, if we wait for further positive developments, we'll pay a premium and reduce the risk. Both examples work, are acceptable and will always exist. we need investors to buy at higher levels? <g> |
