Well, let's try some fortune-telling:
In order of likelihood:
1. The Pelawan deal went through or firmly scheduled
2. New resource estimate/study
3. New land property
4. Regulatory issue with SA government
5. Break-up with Pelawan
6. New JV announcement
7. Acquisition/merger offer
8. New stock issue
The Anglo-Platinum takeover idea might be the best outcome to be hoped for....who knows what might happen? On a positive note,however, there seems to be movement toward consolidation in mining stocks...witness the turmoil with CDE and WHT both of which I own. Maybe ANO is the kind of shiny bauble that is attractive to the bigger fish in the world of platinum/palladium, etc.
This definitely looks like a good one.
That is why I am in it and have been for a while.
The upside is the potential for an Anglo-Platinum acquisition and the general scarcity of platinum. The management is also been doing this for quite a while.
But mining is risky, especially in Africa, even SA. Then some argue that the resources they have are of low grade and as such very costly to develop and produce.
There is definitely potential here to regain recent highs. But s@#t happens.
Hey, what's all that runaway emotion?!
Day-traders provide liquidity to us all.
It is only common sense to take profits ASAP if you can get 30%+ return in a day or two.
Most penny stocks spike and then flounder for a while until the next spike or plummet.
Thanks Barid...that's what I thought you were getting at, but just wanted some clarification...I still can't find the "news' on the web. Maybe they will wait until the morning..I bought at 1.50,1.55, and again at 1.68. As you most likely know, ANO has no debt, a strong current assets to current liabilities ratio and partnerships with some good companies. This could be very exciting...Good luck
The explanation is that the insiders KNOW IT IS GOOD NEWS and want to add to their positions !!!!!!!!!!! Not everybody is a God-damn day-trader !!!!!!!!!!!!!!!!!! As a matter of fact, probably less than 3% of stock-owners are God-damn day-traders !!!!!!!!!!!!!!!!