NEO:DMET.W - Post by User
Post by
7Twiggyon Feb 11, 2022 1:02pm
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Post# 34420831
Conflicting thoughts
Conflicting thoughtsReally strikes me as strange that Denarius trading volumes have completely dried up. Makes me wonder
if Denarius is working with one of the financial institutions to do another bought deal.. We are trading at levels that Emerita was last May. By June the stock was trading at 1.20 and a bought deal was announced at 1.10. In August, and continuing on, numerous very positive drill results
continued to move the stock up to over 4.00 in Novermber. On the other hand why would they want to do a bought deal when they know they have all the backing they need from GCM? More likely an iflex of capital would come from GCM, which could explain why the stock is treading water. I am of the opinion that when companies put together these deals, brokers start communicating with their peers and brokerages talk to their accredited investors. If they can pick the stock up a lttle cheaper in a bought deal why jump in now. Would be nice to be a fly on the wall. Will be nice to finally hear what is up and get a look at those next drill results. GCM stock has been moving up steadily and most likely reaching levels that could stop their buy back. They would then have to look for other vehicles to invest the large amount of cash coming in. They will be first to see the drill results,so this could move very quickly.