close at 5cents, page-3

yeppa27,

I agree.

The SP touched 6 cents today. The market likes the new deal. 5 million shares traded today and the SP is holding at 5 cents plus. The SP is a long way below mid teens of recent times, but if people believe the SP has bottomed then KAL's SP has a lot more legs.

Some have already taken a profit and only about 8 million shares have traded below 5 cents. So there are not too many profit takers left. Some who bought higher may decide to sell and take a loss. But if they don't sell....watch the SP rise.

The shares taken out of escrow can be sold. But you only sell if you think that the SP has peaked. Has the SP peaked? I'm not a TA person, but I believe there is more upside than downside. And I still like the Norseman gold.