Well this is usually the time I like to buy all the hyped up fools have left the building, but seems to me the timeline is getting stretched don't think we will see much going on this year, probably a slow grind down towards the end of the year.
They are just trenching and sampling the next drilling campaign I am interested in won't kick off till next year.
Looking at the broker data it's been one way traffic since the fall, everyone out two insto's in unfortunately those same insto's just got their asses handed to them over at CDV, how much risk will they be willing to take now, can they sustain the buying into next year, I don't know, how much more powder left in those pockets.....
I think the cap is running high at the moment for what they have done so far a fair bit of expectation is still built into it, I think it needs to go down to 20 cents for it to be a must buy at this point.
They only have a small % of the project and the exploration budget is being spend and they haven't really found anything substantial yet, you only get so many bites of the cherry, they need to nail down a deposit and do it within the next campaign or 2, if they were exploring the new project in the very near term I might feel more pressured to buy, but I think it will be this price in a couple of months whats the rush.
AQI Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
