RE:VERY CURIOUS...staubin49 wrote: ...I tried to buy into GM's PP as soon as I found out about it..I called my broker who checked it out and informed me It was already filled.The next day I hear that instead of a 5 million raise they raised 10 million. So now I'm hearing that they could have raised 20 million if they wanted to.Luckly the bids I had put in got filled and I got 150.000 before the volume slowed down to a trickle.I have been investing for a long time and I have to say I have never seen a PP filled so fast for double the amount....somebody in the know thinks GLM has the goods and I'm betting they are right.
I agree it was very unusual. That is the reason I got in right after the drill results and Sprott. I wasn't expecting the upsize in PP to $10M.
My guess is that the big boys know Nevada really well and the geology and structural trends etc. There view is that you would not get a great gold/silver hole with those grades if it were a one off event. In other words, that type of anomoly would not occurr without a serious deposit to be found close by. I am also using common sense and logic. You are correct, that this was strange. Good time to be in this early, with such a low float and the Company having a lot of cash on hand.
GLTA
BC