GREY:HGGOF - Post by User
Post by
goldenriviton Mar 20, 2023 1:10pm
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Post# 35349228
$1.60 financing
$1.60 financingWas typical of a JR explorer cashing in and issuing shares for exploration at a high price.But now even with the stunning infil hole the market ignored it and no traction in market value lasted.Even with the spin off its is likely that the current bear market in JRs even with gold nearing $2000 is going to force HIGH to cash up at the end of the season 23 program as it will drain the rest of the treasury.The market seems to be pricing in another issue at yr end far below the $1.60 and because past drill results were ignored the next financing will dilute current shareholders in a big way.This is typical of a JR trying to drill up a mine in a remote area.