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This company will within the next 24 months go to a share price of at least 8 cad in my opinion. That is if we are not taken out by some sneaky major in between.
The only reason that the share price is not moving up now is the rather big load of warrants to be paid, some in june and a lot in september. The investors that participated in the last big pp are now happy to sell some shares with a profit over 70% in a years time and then be prepared to pay up .75 resp .70 cent for their new shares and then still have a substancial holding. Maybe some 4 mill shares of this kind have already been cleared but there will be more of the same.
Buffalo Gold are probably going to sell at least another 3 mill shares. But it also seems to be a groving interest to by in - AS THIS IS A REALLY GOD TIME TO BUY, and even larger volymes without chasing the price upwards.
Could´t be better for those folks that are just recognizing this powerfull story.
2 members recommend this.
Discussing the August 26, 2008 press release.
