I don't think the significance of this land aquisition is being properly recognized by the market.
Just look at Fortune Minerals (which by the way, is currently trading around $14 Cdn)...
Their results of late have included (to quote portions from their news release)...
470.47 feet, averaging 1.23 g/t gold ( Higher grades were intersected over narrower widths within this interval, including 62.34 feet, averaging 6.20 g/t gold
32.81 feet, averaging 8.00 g/t gold,
29.53 feet, averaging 0.14 g/t gold,
94.49 feet, averaging 0.22 g/t gold,
recent drill holes continue to demonstrate increasing widths and greater metal concentrations
So, DAK announces property aquistions RIGHT in this area, and what does the stock do? Sinks - I see the bid at .33 right now as I type this. Go figure.
Personally, I can't believe the price to be so low, and I think this comes as a surprise to many including the mgmt. at DAK.
Excellent buying opportunity that I doubt we'll see again.
Regards,
W. Wolinski |
