OTCPK:CLASF - Post by User
Comment by
stockzorgon Apr 01, 2020 10:25am
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Post# 30867925
RE:I See These Large Bids For Shares
RE:I See These Large Bids For Sharesargaiv wrote: They must know something I don't know. I would not risk buying this stock and hope it goes to 0.07 for a double.
It appears that Newmont took all 15,793,000 of the flow through units that closed yesterday. That would be an investment of $1.18 million. Newmont's stake is now up to 18.7% of CXO. With warrant exercise, the stake would be 19.9%. Makes sense since Newcrest is moving in the region with its purchase of GJ from Skeena for $7 million, directly south of Castle, in addition to the acquisition of Red Chris from Imperial for $804 million directly south of North ROK.