RE:RE:RE:RE:SHORTS ARE UP 25,000 AS OF MAY 15As we all know, JM doesn't always say what he really means or speaks in language from the crypt so start there and then rethink his comment at the German meeting. JM knows that there is strength in numbers and that amalgamating with Banyan if that's what it takes is what will happen. Because alone, they can't attract the kind of buyout money that JM is looking for but has a far better chance of doing so if they stick together. Notwithstanding that if they sell one company what's the other going to do, keep working? My guess is that he and Tara will want to retire at the same time and if they can sell both companies together then neither of them will ever need to work again (not that they probably need to now anyway).
Regarding Banyan's stagnate share price, again, many VGCX shareholders also hold Banyan shares and so they know what's going on at Banyan and right now, besides the rise in the price of gold, until Banyan drill results start trickling out over the coming months, why buy the shares now?
Today's VGCX share price drop is nothing more than profit taking after a decent run up and I expect VGCX to drop to the $7.35 to $7.60 range before resuming the next leg up to about $9.35. Q2 and Q3 production results should be decent so a test of it's 52 week high within the next 2 quarters shouldn't be too hard to meet. This of course depends on the price of gold staying range bound or going higher from here.
HB77