this is clearly just panic selling the only problem is Im sincerly wondering who will be in the urge to buy now ...
How many times did he say, results of the Paramount Zone, target is the East Paramount zone. He's even so carefull to say on a public webcast ''if we are successful''
Come on, everybody here knows they will be and what the extension of the Paramount zone represents for the size of this deposit.
Traders will trade until they get played by an institution that comes around and accumulates. Traders will be back loading up before the expected core results...
Elmer did mention 4 drills
Let's remember the Providence story with Teck, the drill results started the fire:
''But, what ultimately can’t be missed in this story is the price paid by Teck to acquire their position. Last May when the ball began to roll on the Eagle Plains/Providence JV, Providence stock was languishing at a $0.10 level. By the first week of December, when drilling updates started to pop up through favourable press releases, the stock surged to $2.70 from the $0.37 level it was at to end November. That’s a massive jump, with the lowest drop since being a dip to $1.60 prior to Christmas. Thus the implication given by Teck’s payment of $4 for a $2 stock proves that Teck has seen enough data to warrant the confidence us outsiders only could previously speculate up to this point.
