RE:RE:Strange news release announces: CEO for NCUI saw that happen decades ago with a corp called Hathor in a uranium deposit. Much the same. New deposit but no mine. As deposit kept growing sp kept going up.
It went from 20 cents to 1.50 on spike and then got traded back to 50 cents.
Traded 4 a month around there. A major announced hostile takeover.
They had accumulated 60% of shares between themselves and friends.
They offered a 10% premium to existing sh. That jumped the market and more sold. But along came another major and upped the ante. They kept bidding back and forth until about 1.10 was reached and the second major announced quits. That is where I sold. Management went 2 court and secured themselves and the few hold outs 1.50.
Today pala is already the operator and along with there friends own about 90% already. Anything is posible but a firesale would likely bring other bidders to the table.
nf