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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Chunger who wrote (55173)1/10/2008 11:00:50 PM
From: que seria  Respond to of 78411
 
I can almost get to like today's ugly black candle on GXL.V. Stock took out all resistance yesterday (higher prior prices were long ago and without volume). Today was likely a combination of stuckholders seeing their positions back in the black and bailing, plus traders selling out after big players didn't oblige them with a rising wall of bids. Stock has traded 34M shares in 2 days. Not all retail, I'd say.

I'm waiting for it to come back down in tne next short while, as far as institutions and big players will let it, shaking out the traders and the less commmitted pre-news holders. I'm guessing price will see mid-.20s. I'm holding for the story to play out so I wouldn't mind another, higher priced but lower-risk entry. We'll hear some choruses about the frozen North, low grade and lots of shares--all true. Still, using my vast expertise gained at this website, I see Whistler as profitably mineable. It would be nice if some board experts who have a clue about mining costs were to agree.

I'm guessing Kennecott won't back in for the 51% or 60% they can take under the parties' agreement because they are more interested in copper and this grade isn't high enough for them. If they did want the deposit, they surely wouldn't settle for 60%.