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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?


To: specboy2012 who wrote (9410)4/1/2015 4:22:22 PM
From: louel1 Recommendation

Recommended By
mudguy

  Read Replies (2) | Respond to of 10654
 
It was a perfect setup for a pump & dump. Trade volume jumped 4 to 5 days before the rise started. Everyone could see it coming Excitement grew expecting a golden egg of some sort. Especially on AG.
Rick mills had been hired to pump it, the 2015 work program was about to be released. So again it was a case of not what was actually reported, but rather how hopes were elevated by falsely interpreting the volume jump.
If you asked the question, What has changed to support this volume ? Nothing ! There wasn't even a work program in progress over the winter to report on. And last years program was not yet finished.

Lindsay had previously said they were looking to buy a operation this year not start another project. No announcement was ever made in regard to changing what was in the pipeline. Plus Teck was proceeding with Ft. Hills. and the application to develop Frontier is expected to be approved by 2016.

That is why I said here and on S/H the day before it peaked. "It won't go up forever, Don't waste this opportunity". By selling off 100k and buying back the same amount later would have lowered your ACB and also put $15 thou. in your jeans. It was an opportunity to short with your own money. Not having to pay margin fees.

But Tap answered. "let us enjoy the moment" I've never made money doing that.

As I said before. Lots of work to do yet before any production decision comes forth

On another note. Big moves being made on the World stage. Canada is being encouraged to join by our business leaders. China already has a large investment in both Teck and our oil sands.

jamaica-gleaner.com