Found Level...22 Jan 2010 10:34
now, expect this SP will hold to TSX open unless there are any big buys sitting to be filled. I think the SP has found a level where the risk/reward on the RNS outcome is about balanced. All that could change if the Venture goes awol again like yesterday. We need to bear in mind the gains are against the backdrop of falling index, there is still headroom to the 24p level and still potential here for further gains, that may well draw in more institutional investors looking for a high upside potential punt. To illustrate, 1.5 years ago I weighed SQZ, IAE and SE as the three choices in this category. I went SE due to Breagh, SE is still the same SP in effect, IAE is 70p+ and SQZ has seen gains. A result in Syria will push this on significantly.... would not want to speculate how far but 35-50p is realistic... 50p is still sub 1 dollar CAN. It would take some time to get there but this all depends on RNS.
- IMHO/DYOR Geo