Post by
Rainyday on Jan 29, 2024 1:16pm
Halt coming?
The exchange has probably been in touch with GENM but has not seen apprpriate to halt trading. It's fun to speculate as to the possible reasons why. It could be as simple as they have received a proposal (financing or acquisition or something else) but the Board doesn't plan to accept it. Or maybe it's something else. But the company hasn't (yet) put out a "nothing we know of" announcement either. Fun to speculate !
Comment by
Rainyday on Jan 29, 2024 1:46pm
Jamie bought last Wednesday which he would not have done if there was something in progression. It may be the market is recognizing how "stupid cheap" this stock is - and, if so, the exchange would not take any action.
Comment by
Rainyday on Jan 29, 2024 2:55pm
"Stupid cheap" - even at today's price GENM is valued at less than $100 million Canadian. With over a billion pounds of copper and palladium likely to rise in price in coming months, the stock price should work its way higher. Patience is the key.
Comment by
Rainyday on Jan 29, 2024 3:16pm
OK - my guess is this is a srategic investor (Barrick? - probably not) picking up some investment shares below the threshold. That would explain the exchange not halting this and the company not commenting.