Tuesday, March 16, 2010

Chart of the day is...

.....the one year price chart of East Asia Minerals (EAS.v)


I don't own and I'm not planning to take a position either (not my region), but I know at least one reader (initials PV) has been long and talking up this story for months, so congrats to him. There was big buzz around PDAC and the rumours of 20m, 50m even 70m ounces of gold at the EAS properties was pretty extreme.

I'm very leery (and to repeat, no position now or at any point in the past) and the "if it's too good to be true" adage springs immediately to mind. Anyone out there planning a site trip? Got a spare ticket?