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friday's volume?
Re: friday's volume?
did a block trade for 100k go thru on Friday or simply a heavily traded day..
I wasnt able to watch the market very closely, anything abrew?
Yes! Late in the day, the rumors started flying - or were directed at a narrow beam audience...take your pick, and the rumor was that the news on MONTANA, re: Rhodium results would FINALLY be released next week. And as it is MONTANA that is driving the interest in PEM, a few of the punters pitched in and added to their positions. So get ready for next week, as we're expecting news early on.
Re: friday's volume?
The best is yet to come of course. All their projects are very early right now but I would suspect a financing is in the back of their minds I just hope it is nothing less than 0.40.
Re: friday's volume?
It tells me they believe their company has a chance at getting to those prices. I don't know what is in the bank but I'm quite sure it's under a million. With some good results yo never know where we could see the share price at. They've spent most of the last 12 months above .35. And what got them to 0.70? Good results.
Re: friday's volume?
They must be extremely optimistic. In most other deals that I have been involved with, they either extend the warrants for a year or do a new financing at a lower level. It tells me that they are about 3 months behind in their programs but are confident that it will be worthwhile to take down the warrants in the fall.
Re: friday's volume?
thanks for that update Manos, how do you feel about the extension of the warrants, trying to get the share value up and exercise some warrants I presume..
Re: friday's volume?
The company also announced Friday, that 1,653,125 warrants due to expire on August 22, 2008 would be extended to November 22, 2008. The exercise price on the warrants is .50.
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did a block trade for 100k go thru on Friday or simply a heavily traded day..
I wasnt able to watch the market very closely, anything abrew?