Originally posted by spokesy2009
Don’t you believe that the whole CR debacle is also a psychology result, I’ve seen it numerous times, people dump their load, try and pick up around CR price. I understand Sophs and brokers like to make a quick dollar, but based on the pregnant newsflow, I’d expect them to hold for a little longer knowing what news could potentially land after acquisition settlement completion.
AIMO DYOR
i tend to agree with you. i feel there is now a lot to happen and ive not been reading at all really on HC. But the CR was important and i feel many had doubt on this and that's why it went down from the mid January great announcement. i entered about then on the low of the day at 2.6.
ive topped up a fair bit in this CR and feel Gold has good potential this year in a market of uncertainty. However brexit and the trade concerns between China and USA will all be resolved in coming months. So markets look great.
i see our resource size is on our side but I see some great announcements sooner than later and trust that our acquisition will be a greater windfall than already known. these are the elements that would secure a longer term hold for sophs possibly. The negative side is the time before we are producing could well be 2 years but i believe this can be fast tracked without to much difficulty. A full plant is on site but some of these items would need some refurbishment (electric motors) and the machinery side would need some going over to bring it into heavy constant use.
So Ill stay with you all for awhile is my intention.
lets look forward to a great open and good support today and I am not banking on a extension today but who knows? AIMO.
