Talked with John Today
He said that he can not post news just to the web site and must publicly release news. (He made reference to the exchanges being in bed with CNW)LOL. Hence, look for news on Wednesday depending on markets. The first draft is finished and the release will be fairly comprehensive. He did not expect the price to move. He will be in TO in 2 weeks to arrange financing for further exploration of the zone. Financing will likely be done privately. He is doing everything by the book. He said that financing would go smoother if the price was higher. I asked if we could expect a reverse. No. I asked if he saw the block trade of 850,000. He said the stock is moving from weaker to stronger hands.
This is long term. The financing, which is not all that big, will cover operations for next year. They are sitting on something excellent. They know it. John said that at 5 cents, if he had the money, he would go private.
IMHO at 5 cents, buy, buy, buy. This is one of the few juniors holding its own with visible and proven gold. One could buy a whack of shares and hold until we see operations. The long run returns if not respectable will be more than worth it.
For more info on the projects, check out the web site under surname projects and then in the upper right hand corner are 2 subtle links which provide comprehensive info on Brokopondo and Lawa.
Colin |
