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Gold/Mining/Energy : Copper Fox

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To: explorationguy who wrote (10501)	1/15/2018 1:00:07 AM
From: louel	Read Replies (1) of 10654

ERD is chart is consolidating at the moment at a previous support level. Looks like it could be a trade. Could break either way RSI has shown numerous over sold's during the decline. So in this case unreliable. I'll watch for a move before I jump aboard. I would prefer to buy in the 27 to 30 cent range. That is where the lower uptrend line is. I like it but prefer to buy into a confirmed up trend than try to pick the bottom and have to bail again. As of yet it is not there. GOM purchased another Merritt mining property north of Revelstoke where grades so far have been a bit less than desirable. Says it will have a different management group. Not sure why they would do that unless Kinross is interested in the Greenwood mill. Kinross had some significant results at their Mt Atwood location. only six or eight Km from the mill. It may be financially prudent to take out GOM's greenwood holdings with a turnkey mill, Tailings pond including some already proven resource. Than to go through the hassle of all the permitting and studies to build a facility. Especially with the present government now in BC. Before any takeout the acquiring corp always to accumulate close to 19% of the shares off retail at lower prices (Just under declaration requirement) to keep the cost of the buy to a minimum. Then buy the rest at a premium to the average of last 20 days of trading. When Tolko Industries, made their hostile bid for Riverside Forest products. It was said they already owned near 19 %. of the float. And another 20+ % committed to them from a number of different buyers in various accounts. There was no way anyone could outbid them. All they had to purchase was 10% to have majority ownership and full control of Riverside TMQ made a nice move as expected, CMMC pulled back a bit after their Aussie purchase which could double their size over the next 2 years if all goes well. There should be significant upside there yet. ITT where I got my last buy at .11 cents is well worth the time to research their history, Understand how they got to where they are and the potential they have. It is actually over 15 years in the making with some very skilled folk. And now partnered with New Hope a very large global diversified private company. What are you and the rest into these days. I still hold some WEF in my portfolio. As long as As Lumber stays up it is financially solid and pays a small DIV.

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