Post by
michaelstl on Jul 26, 2020 11:41am
Private placement
I always notice that normally when a company has a private placement at a lower price then the current market price it takes a while for the stock to move up. It is phychological. Once the closing occurs then the stock normally reacts a little better and so on.
It's plain and simple. We are in a Gold Bull Market. We have a great permitted project in the USA with financing in place subject to closing and a final commitment signed by Sprott Resource Lending or maybe another financier.
This stock traded much higher during the past few years without the permits and financing in hand.
Now it is all coming together. The volume has improved considerably since the private placement purchase. Yes, there has been increased dilution but the profit potential margins are much much better now then they ever were. The company has the opportunity to go into production without doing the expansion drrilling or doing production and expansion drilling at the same time. With 1900 Gold I am very interested to see what they are going to do. I look forward for the update.
GLTA
Comment by
sledig on Jul 26, 2020 1:30pm
Just to clarify Michael this last deal was a bought deal not a PP. This tells me the insider's have had their fill and went outside. I didn't like to see this last bit of dilution at all. Now I'm thinking a consolidation may happen down the road, we will see. I am disappointed but will see it through, I lightened up 30 % and went elsewhere. Show me the gold man. Gl
Comment by
michaelstl on Jul 26, 2020 2:57pm
Your correct about the "bought deal" vs "private placement". Sorry about that.
Comment by
sledig on Jul 26, 2020 10:18pm
No problem I appreciate your insights. We're all in this together :))