Post by
Acre10 on Feb 17, 2022 4:43pm
What a day!
Huge day for the stock and a massive change in the stocks activity over the last 30 days. Clearly the market wanted to see them deliver ore and get into cash-flow.
Comment by
Elliot on Feb 17, 2022 5:10pm
Believe most shares are in stronger hands. If Gold holds above 1882 tomorrow, we should see GMTN to continue climbing up. A bit resistance at 1.70.
Comment by
chopperzombie on Feb 17, 2022 5:33pm
Couple months from now 2.20 ish. Anything under that is a gift from the market.
Comment by
chopperzombie on Feb 18, 2022 3:27pm
Just have to get rid of these weak hands that keep plaguing the stock!
Comment by
kegman on Feb 18, 2022 4:11pm
There were buyers in the 1.20 range cashing out and I am betting there are agressive shorters circling back after they were chased out on the last run up. Some traders like the gamble.
Comment by
chopperzombie on Feb 18, 2022 5:07pm
So if shorts keep attacking then the price will only be kept down and retail investors will turn the other way. Isn't that how it will go??
Comment by
goldstd69 on Feb 18, 2022 10:23pm
if gold remains firm or rallies more...the shorts will cover
Comment by
chopperzombie on Feb 19, 2022 12:12am
Eventually the calls will come. Not too worried anyhow, fully permitted, producing, in the money, more gold being found in the ground! Could be a multi million deposit. Also wouldn't be surprised to see a bigger partnership with New Gold.
Comment by
chopperzombie on Feb 21, 2022 9:05pm
Has anyone broke down what the payable numbers will be every month assuming the pog is around 1800 oz? I'm guessing the cash flow will be around 4-5 million a month. Has anyone else crunched down some numbers also ?