Hi Tony, thanks for the information regarding George Chelekis and John Arlitt, it was something that i was not aware of. I called Mark at CHJ to query him on these two people and his reply was that firstly, George Chelekis does a good job for the short term but brought alot of volatility to the stock. That experiment kinda failed and the company now has refocused it's thinking. As for John Arlitt, you"re right, he no longer has anything to do with the company and has since sold his shares in the company over the last 3 or 4 months. As for the work to date on the properties, on their BALL claim the first phase of exploration cosisted of soil sampling, prospecting and geological mapping. They have also found through airborne surveys that a geophysical anomaly occurs on the BALL claims and anomalous values of lead-zinc have been recorded in a stream silt survey. I don't feel myself that the properties they have already and the time of year it is, is the reason that this stock will move. I believe it will move once they acquire a property in Mexico that they are negotiating on at this time. A .30-.40 move in price after announcing an acquisition is not hard to believe, especially if the property is highly prospective area where other projects are on the go. We're not talking about a move to 2 or 3 bucks here! Just a double with little downside risk at its current level. Although today we saw a little more action in the stock closed up .04 on 43,000. But if you look at the bids there is about 60,000 shares wanting to buy between .30-.35. It wasn't like this last week, somebody is starting to accumulate for a reason.Geez, the more I talk to these IR guys, the more I sound like a promoter but am not. I'm just a guy who's long on CHJ and happy that something is happening, FINALLY! Tony again, thank you for your insights and if there is any other points that you can think of please post them here. I'm on holidays next week and have lots of time to BUG Mark at CHJ
Good luck to all,
gemini |
