Post by
lifegoeson on May 02, 2021 12:01pm
People have asked me - Who is buying...?
The answer to this question is very complicated and I am sure we will never know. DBG traded 671,000 shares on Friday, 2.6 M last week, and 19.3 M for the month of April. That is a lot of selling and a lot of buying since the removal of the halt April 1.
Since there hasn't been a Press Release from the Board of DBG since during the halt, I naively will assume no one else knows what is going on because this is a Public company that is required to notify shareholders of material events. Many people on this forum have said the company doesn't return phone calls or answer emails (my emails also have been unanwered).
My best guess given the sequence of events, the halt should never have been lifted until a deal was negotiated, thus I can only conclude it was done to provide opportunity for people to sell and buy (your guess is as good as mine why people are selling, either panic, disgust or information unknown to us that allows them time to sell).
In my opinion the buyers are likely from a few sources, 1) people with positive information that no one else has, 2) people who bought above are averaging down because they believe in the resource at HAT, or perhaps 3) people who think this is going to get resolved and even given the high level of risk, they buy anyways. I have adjusted my expectations and going to give the Board of Directors of DBG one more week. Unfortunately, from what has been published, it is all against DBG ever proceeding with drilling and development of a mine (many articles and references to Chad Day and the Tahltan). On the otherhand, there has been no information coming from the company indicating that DBG is moving forward to resolve these issues - why is the question.. Good Luck
Comment by
seveneleven711 on May 03, 2021 8:03am
Goodmorning Cr00ks There are other companies with properties adjacent, surrounding and very near HAT. Will they be leaving as well?