You can see from the level 2 ask/bid that there are no sellers left.
Dont like posting everyday but figured after I mentioned yesterday that tax loss season appears
to be behind us, the level 2s are confirming that from here it will take nothing to get this stock
to double. On a valuation basis the entire company is worth 2.5 million dollars and isnt it funny
that when the stock was 4X and 5X as much people wanted it but human nature being what it is ...
when you are handed a bargain ... people are not interested when it comes to stocks.
You have a company which sits right beside a trend which has already shown stellar results so
fundamentally nothing has changed. Expect the precious metals sector to heat up and
plays like this one will go into the multiples of what it is now.
| Gambier Gold Corp. (CA:GGAU) |
| Size | Bid | Ask | Size |
| 245000 | 0.060 | 0.065 | 8000 |
| 202000 | 0.055 | 0.070 | 26000 |
| 164000 | 0.050 | 0.075 | 30000 |
| 39000 | 0.045 | 0.090 | 8000 |
| 20000 | 0.035 | 0.100 | 50000 |