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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?


To: zedex who wrote (1440)10/23/1998 11:32:00 PM
From: bill  Read Replies (1) | Respond to of 2251
 
If I remember correctly, they need 6 feet of ice to drill. That
probably means end of Jan.or beginning of Feb. They need the ice
roads to go in first. However, if they have reason to believe
that there target is a.on land or b. can be accessed by angle
drilling from land,then it's a whole new ball game. Suddenly
the seasonal aspect of the play doesn't exist anymore. If they've
got the money for helicopters, they can even drill during freezeup
and breakup. If you look at a 3 year chart for ABZ and MPV, etc.,
then the seasonality is clear in the price and volume. That
wouldn't apply. If that is what is going on, then we could see
WSP climb when it normally would be drifting lower until drilling
is announced. The last week's volume has nothing to do with a
board appointment. I would think that the board appointment is
more likely tied to the same situation that is driving the price.