Well done, it is a Lithuanian name. Myself, I was born in Canada. As was alluded to, we now await the timetable for drilling in the new year.
I had mentioned ARP as an example. It did go up on initial news and is still holding, but further definition of the deposit's size still needs to be done there. All sounds nice, but if it is not economically viable the share price will decline. This is the risk all exploration companies and investors must deal with.
Miranda, well the insiders should know a bit more than the general public. They should have a feel for the projects and maybe some clues exist.
Fagan purchased his stock in October at about 20-21 cents. I saw a brief mention in Nov.6 issue Northern Miner Pg.660 and that is what alerted me to this stock. After he purchased the price dipped to 16 cents for, 10 days, long enough to conveniently reprice stock options. Then larger volume came in thereafter. Mr. Fagan acted on the Sept.28 news release I assume.
Kaiser was following this stock but based on different properties. He liked the management and the fact new properties could be found by them. (1998 Bottom Fishing 100 List).
Back to ARP, I did mention on it's thread to consider selling @2.90. To date, this was the thing to do, for the short term. I still feel stiff resistence exists at ARP at $3.00 and above and only excellent results now which will point to an economically viable project will be needed. In better times when metal prices were higher, the price would have gone up higher. If MAD is to go up, this drag will exert influence on any upward progress. And then there is the question of economic viability at current prices.
Western Copper's price went to about $9 and now because of copper prices is much lower. At best for now I will view MAD as a short term speculative play, but any property found with proven resources and strong potential for future economic success will suffice.
LVL |
