Good point about the volume. Either they're keeping a very tight
lid on it and boyfriends and girlfriends, wives and husbands aren't
getting to load up on shares, OR as Red says, they may already
be so loaded with shares, options, that there's no temptation to
add more. I was hoping that the price would hold at 27 and give us
a chance to move up tomorrow. Volume was up but the price slid
back at the end. The trading implies (I think) that people are
expecting a run, are getting in early, then getting out.
100,000 + shares couldn't move the price. Volume up and price
staying the same translates as indecision. Is it being accumulated
and so taken off the market at these levels. Don't know. This
thread is big on rumours, short on news. Not surprising. Rumours
abound when there are so few facts to go on.
Until we get an NR, the little that we do know (and thanks to those
who have provided the information)is open to interpretation. Do the
new aeromagnetics mean they've found kimberlite? Maybe. Maybe not.
If they've found kimberlite, why fly? Bring in a two inch drill
and dilineate the pipe, sill or dike. Does flying mean they've
picked up some solid indications that there are likely pipes in
the area? Could be. In the NWT for sure. In Alberta, it is
anyone's guess. There is no solid body of information about
indicator minerals because a. the play is so new and only ACA
has figured out how to find pipes b. the overburden--you don't
need much to screw up indicator mineral trains.
I think everyone should go to the VIP chart on Stockwatch. That's
what we want MMU to look like. VIP is at target depth. They may
beat MMU to the first kimberlite. I hope not because I have MMU
and no VIP. Let's hope we get a press release soon. |
