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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (18908)	11/8/2004 6:03:38 PM
From: orkrious	Read Replies (1) \| Respond to of 312463

Now that I look up that symbol it may be a saville reco. heinz blasnik's thoughts on ccm.to: Hi Ork, i'm actually a bit surprised that it's so weak, since the news have been good. the latest from Benzdorp were very encouraging new drill results that suggest 'elephant' potential, which is confirmed by majors having expressed interest in the deposit, and the latest regarding Polaris was the announcement that infill drilling is about to begin in preparation of a feasibility study - not exactly bad news either. my guess is that the market fears the coming financings that are unavoidable if Canarc's projects are to be advanced. so if a bigger financing is in the works (Canarc tends to do it in piece-meal chunks normally) it would presumably be good to get it out the way asap. in any event, i remain fairly confident that a higher share price will eventually obtain based on the fundamental picture. note that almost all junior/explorer stocks are currently weak - the more distant they are from tangible results, the weaker they tend to be. it's not quite clear to me why some (like e.g. OZN and MNEAF) have been able to shake off the blues and others have not - Canarc certainly looks deserving of more attention. but i'm comforted by the knowledge that the market always does what it must do - but seldom WHEN. so i'm willing to remain patient with this one.