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is in the stock price. As I stated 2 weeks ago, I plan to back up the truck in the .90-95 range. Have faith everyone.
Hey DS.....you assume the news has to be good! If another dilution is in the works, the volume might have been reflecting the exit of insiders.
just stating realities. I can assure you that my analysis has been done with a high degree of professional integrity.
The best indicator to when the news is coming is to watch for a spike in volume before the release. If its good news, the price will be moving higher, if not, watch for relentless selling.
Agreed....news would be good. But management has poked more holes in the eagle that it now looks like a skinned porcupine. No more news here.
Perhaps starting a rumour of a merger with KWG would help. They have the rail rights which Cliff's is going to need.
here a comment from another blog.
If you look at this one - they have 52 meters grading about 15 g/ton - so a total of 780 gram/ton if you took a slice through that weighed a ton (52*15 = 780).
However, one meter accounted for 550 g/ ton of that, so the other 51 meters has 780 - 550 or 230 grams/ton in it - so average grades of about 4 grams per ton.
What if they happned to include one nugget - one chunk of gold - in that one meter sample that is not representative of that entire meter.
Without that one high grade meter - the results are average not exceptional - it was the hope of continued high grade mineralization that had this pumped.
I am also concerned that the data was manipulated - that management purposely released only the first 33 meters with that one high grade zone to get the stock running - which they did very effectively - but that they new results from the last 19 and ask that they be re-analyzed to buy time. Just a concern - not accusing anyone - but it seems fishy.
Disclosure - sold my holdings in EAG, BGD and AEL - will play again on the momentum.