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GoldnBoy wrote:
flynn wrote: why does everyone expect the share price to pop, if and when drill program is starts?
wouldn't the results of the drill results be the pop in price?
I seem to recall this same situation with Yukon. Share price popped on purchase of land titles, stayed steady with drill program announcement, then fell with results.
Flynn, this is my take on it and you could be right on. If everything happened the same way all the time we would already be rich.
Juniors often move on drill speculation. The stock has already gone up a good chunk on early exploration results so some speculation is already there.
With ZON, look how it trades, low volume because not many sellers. This group believes in the long term, another strong group as well and CEO Christophers group along with management/insiders. When drilling starts, if any new buyers want to speculate on the results they are probably going to push the stock up.
I expect we will at least be into the 50s or 60s before any drill results. After that will depend on what the results are.
And who knows, many of us owned GGI that went to $5 before drill results were announced.
Nobody knows for sure. That is why all the guesses for 2018 high were all over the map
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flynn wrote: why does everyone expect the share price to pop, if and when drill program is starts?
wouldn't the results of the drill results be the pop in price?
I seem to recall this same situation with Yukon. Share price popped on purchase of land titles, stayed steady with drill program announcement, then fell with results.
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Hoss wrote:
GoldnBoy wrote: Hoss, good point. I pulled up a chart and highlighted the break out around 23 cents and since then a nice uptrend. If it breaks to new highs above 42, it looks like it would run higher to me.
It traded a bit around mid/low 40s in early 2017 but that was low volume so I think not much resistance there. What are the clouds telling you
GB, ZON flying high above the clouds, chart is very bullish, maybe I will do an update on the weekly chart this weekend, and happy they have lots of drilling $$$
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lynnsa10 wrote: How to go Zonte, quiet day, probably everyone eating Turkey or shopping ahead of mad Friday
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GoldnBoy wrote: Hoss, good point. I pulled up a chart and highlighted the break out around 23 cents and since then a nice uptrend. If it breaks to new highs above 42, it looks like it would run higher to me.
It traded a bit around mid/low 40s in early 2017 but that was low volume so I think not much resistance there. What are the clouds telling you
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