RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Gold spot green overnight again...Gold is nearing 1870 ...and since this is a lightly traded stock in comparison
just look at the 11roc biweekly trading summary and see all the shorting that is going on.
21% of the volume between july 1 and july 15 was short traded or 1.7 million shares while the short position only increased by 39k.
How is that done...naked shorting artificially increasing the float with counterfeit shares.
this is the plague of the canadian markets.
lumpy13 wrote: If they are as good as you think they are, why isn't the share price moving?
It's been stagnant while virtually every other mining stock skyrockets. Why doesn't GCM? That falls on mgmt/board. It's there job to get the company's story out and increase market recognition.
(If you want to see an outstanding presentation, checkout the recent one done by the CEO at HIGH. He does it onsite as he gives the presentation, moving around the mining area to show exactly what is being done drilling wise and where there are potential areas to explore. It ends with a drone flight showing the broader geography - and being Alaska, it is virtually stunning. Look at HIGH's stock price since the presentation came out.)
For whatever reason, the mgmt/board really don't care about increasing the share value, that's my only explanation.