Flagship Iron Ore and Nickel Projects in World Class Mining District of Timmins Ontario

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Message: The current surge in stock price

The current surge in stock price

posted on Jul 10, 2008 12:27AM

The current surge in price to .80 reveals two things.

First I think we can call .67 as a bottom.

Second, the speculators who sold during these last weeks are coming back, which means they don't want to let go of this stock. They're still in the game and this is good news. I guess price can pick up as we progress toward the end of summer.

Concerning the insiders' selling it is still a mystery to me; The only explanation I have is that Mr. Hughes needs the cash to pursue his other projects; but I guess what counts is the present demand of the stock on the market.

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