I couldn’t go a week without having to put the work clothes back on yesterday. Many friends and readers kept asking about the trading in Sunridge Gold.
Fundamentally, I think Lawrence Roulston hit it on the head in this recent comment and please note the part he speaks of many companies having an interest in SGC. I fully agree with his assessment that we could be disappointed that a takeover occurred before we were able to see full value.
Technically, the stock has formed a bullish flag formation on the short term and is close to a major breakout on the long-term. If that occurs, there’s no technical argument that prevents it from running to key resistance at .52
