GREY:OREAF - Post by User
Comment by
123buyholdhopeon Sep 15, 2021 7:17pm
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Post# 33866456
RE:$$ ;
RE:$$ ;The recent volumes suggest that this is much more than just traders trying to take advantage of penny moves. There are other big players in OREA beyond NG, For example, from the Sept' 2021 fact sheet.
Major Shareholders:
U.S. Investment Fund 20.0%
Iamgold 9.3%
Nordgold 8.2%
EDE Investors 7.5%
Sandstorm 3.8%
I have not noticed this before but I don't remember EDE Investors. I know there use to be I believe they were called OCIM, a French finance company who recently took up a holding to help OREA search for another S. American project. However, their CEO/OREA director just flew the coupe without any explanation a few months ago and they sold out of their 5-7 % OREA holding pronto, in just a few months.
Now, I may be very wrong here and I will leave this to all those out there who live on coffee and adrenaline to further research, but while the EDE I found appears to be a CAD based investment company, there's a caveat. The webesite has a connected link (top right) which then takes you to 'YIDE', which claims to be a Chinese run mining investment venture! Now would that not be a cat amongst the pigeons; 7.5% already to Sept 1st 2021. Maybe the Chinese remember how NG took them through the grinder for Cardinal Resources (just joking! I think)).
Good night to all.
GLTA - https://twitter.com/EarthsRare