RE:RE:Who bought/sold?MoveBucket wrote: Considering last month-- Orezone Gold Corporation (ORE: TSXV, “Orezone” or the “Company”) is pleased to announce that it has completed its previously announced $26,450,000 equity financing. A total of 26,450,000 common shares, including 3,450,000 common shares issued pursuant to the exercise in full of the over-allotment option, have been issued today at a price of $1.00 per share to a syndicate of underwriters co-led by Raymond James Ltd. and National Bank Financial Inc.
I am willing to be this stock is still valued over 1 dollar. I have followed NAL closely for last sixmonths. When I started purchasing at 2.38 and bought deal of 1.70 in March was anounced that tanked NAL from 1.90 to 1.70 and it further slipped to 1.53 low while oil was going up. I continued to load the stock. Finally when big money started flowing it, the jump was phenonemal 1.53 to now 2.73 dollars, the rise from 1.70 to 2 and 2.5 was pretty swift.
MoveBucket, the crash of NAL from $2.30s down to $1.70 - $1.50s, was it just because of the PP or some bombing NR like ORE?
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ORE's PP at $1.00 did drag down the sp for a while and then bounced back up after. BUT this time crashing down - it's because of a bombing News about its resources, not PP. sp may bounce back up if management can prove up its Bombore project again.... and that takes time....
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Are you comparing apples with oranges?
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