It's snowing like crazy here in Toronto, and the polar bears are sleeping soundly.

SPQ had a relatively quiet day volume wise. As you noted Poly, it probably will be another 4-5 months of slumber for the Spider. I would put a lot of money on 3Q08 for significant upside movement for SPQ and the other McFaulds players. There will be a "convergence" of events. Here's my reasoning on what will converge:

1) Humungous amounts of data in many forms will be out from the Ring of Fire (EM aerial maps, drill results, assays, and 43-101s)

2) The dog days of the summer stock market will be replaced by a stronger than normal 3Q08 stock market (post September) which tends to be, along with 4Qs, the strongest time of the year for equities

3) The subprime mess which has affected global stock markets will finally fade into history.

4) A new US President will be enthroned in Washingston, and everything will be right with the world.

Until the 3Q08 there will be the occasional blip on the radar screen when the a McFaulds' play goes ballastic for a bit. But I don't think there will be any strong movement upward until then. In fact, in the absence of any news of a substantive nature, there will be a continual downward pressure on share prices. People quickly lose patience, and sell out. Too bad.

HOWEVER, I'm LONG. You won't see any of my shares on the SELL side of the ledger. My powder is dry, and I'll be on the BUY side of the market a chosen times.

Snug