EVERYBODY---one two three----SING!!!Hopefully, more people than those just in the CHOIR were listening to what I was "preaching" and posting.
Isn't it amazing that GCU's share price price rapidly fell back to basically $ 3 per share over the past short while,
after it had been hovering around the $ 4 mark?
"The SKY IS FALLING!!!! RUN CHICKEN LITTLE, RUN!!!" Good posts by BOOYAACA and others here,
warning us of the trading patterns, and pleading others NOT to panic & sell to "the powers that be"! The true
value of GCU's share price will bounce right back and "come home to ROOST" where it should be!!
Read carefully the News Releases of the past two or so days.
They didn't just happen to get done overnight, on the "spur of the moment" so to speak. NO WAY JOSE!!
It takes time for these things to happen, and, to me, they were in the works PRIOR to the AGM on April 13th.
All in ALL----the END RESULT for us & GCU is FANTASTIC!!!
BUT---it does make one wonder A BIT!
It almost seems like the share price got to be way too low----almost embarassingly so to the "BIG BOYS".
It does make the terms and prices somewhat more "PALATEABLE."----"A STEAL of a DEAL"!!!
The "big boys", "powers that be" obviously know the REAL PRICES, value of GCU shares, and the GREAT
POTENTIAL of Springpole-----It has, to me at least, "ALL COME OUT IN THE WASH!!!"
Think about it & let's review:
(1) The BOUGHT DEAL PRIVATE PLACEMENT-----
The Flow-Through shares, 1,370,000 of them are priced at $ 3.65.
About half an hour befor closing yesterday the shares were trading at $ 3 per share!!!
According to my trusty calculator that's 65 CENTS HIGHER----or basically a PREMIUM of 21.7%!!!
NOT BAD AT ALL!?!
(2) There were also 1,640,000 common shares involved in the deal at a price of $ 3.05, once again, at
NO apparent DISCOUNT. Very GOOD!
(3) Surprise, SURPRISE!!! Who were the principals who made THE BOUGHT DEAL?
YUP-----Cormack and Fraser MacKenzie, the latter of QuickNote FAME. Without DOUBT, they really
know the TRUE VALUE of GCU's SHARES.
They wouldn't have done "the deal" AT A "large" PREMIUM if they didn't THINK THEY WERE GETTING A
STEAL!!! Believe you me,------THEY AREN'T anything but EXACTLY STUPID!!!!
And THEY tried and tried obviously to get themselves the best deal possible.
There were, I think, many many others in the bidding for this deal---you must remember also, that I
think AKIKO Levinson is very loyal to GCU's past supporters.
(4) If you follow the stock trade for trade, like I do----I'm a very sick man, you would have noticed that GCU's
stock was trading right around $ 3----it even hit as low as $ 2.98 briefly----BUT within the LAST HALF
HOUR of trading yesterday it made an amazing recovery, and SPIKED right UP to close at $ 3.22!!!
GEE WHIZ, hush my mouth and save my SOUL----will I get into REAL TROUBLE---If I say what I THINK??
There is a remote but distinct POSSIBILITY that somehow WORD LEAKED OUT---and that this was the
reason for the SUDDEN somewhat "SHOCKING" abrupt RISE in the SHARE PRICE???!!!??
AND
Now I know that it is just a CO-INCIDENCE that at EXACTLY 9:31 in the Anti-Meridian upon the market
opening----Cormack, or someone using their services jumped right in and purchased another
10,000 shares----before most of us even had a chance to read and digest the NR.
(5) INSIDER BUYING----as RONNIEROLL kindly posted this morning, THANK-YOU-----
I know, I know, just another "CO-INCIDENCE"---yesterday an INSIDER purchased in 12 transactions,
53,700 shares of GCU stock for a total outlay of $ 1161,285. My trusty calculator says that those
shares averaged a purchase price of, believe it or not JUST $ 3.003 per share----WOW----NICE BUY---
GREAT TIMING!!!!! Basically RIGHT AT THE LOW FOR THE DAY----ABSOLUTELY AMAZING!
(6) A couple of days ago, April 18th. I recollect there was a News Release that reported the GRANTING OF
OPTIONS to the DIRECTORS etc. of GCU at an EXCERCISE price of $ 3.50 (good for two years I think?)
I don't beget the granting of options to these people, it is basically a/the main part of their renumeration,
and, when the options are exercised, the monies paid does go into the Company's KITTY---a BONUS!
It is GOOD that at that price----at the time it was announced----the price was at a considerable PREMIUM
to the closing price the previous day of the shares.
(7) THE WARRANTS!!!! And believe it or else---you heard it here first-----
THERE AREN'T ANY WARRANTS granted WHATSOEVER!!!! Absolutely FANTASTIC NEWS!!!! I told
you GCU was in the "DRIVER'S SEAT" when it came down to FINANCING NEGOTIATIONS!!!
(8) DILUTION in the number of shares ultimately OUTSTANDING--------
Pretty well MINIMAL---and that's perhaps the BEST News.
It is also VERY INTERESTING to note the TOTAL amount of MONEY RAISED-----
BASICALLY-----BUT ONLY----10 million dollars!!!
I would have thought quite honestly that the figure would have been much greater that that-----
I would have guessed 15 to 20 million!!!
Upon REFLECTION, I think GCU has shown A LOT of WISDOM and CONSTRAINT. They could have
EASILY RAISED MORE, MUCH MORE money IF THEY HAD WANTED TO---BUT THEY DIDN't!!!
I think that GCU raised in a sense THE MINIMUM that they reqiured.
This IS a GREAT STRATEGY for us shareholders!
GCU NOW has ALL of the MONEY it needs right now to continue the fast-tracked drilling, RESULTS
thank SCOUTAZ, every 2 weeks, complete the INFILL GRID DRILLING and the STEP-OUT drilling,
PLUS do the NI 43-101 at the right time, do the METALURGICAL WORK, and perhaps the FEASABILITY
STUDY---and should I be SO BOLD as to mention----GET A LISTING on the TSE!!!
SMART PLANNING, SMART NEGOTIATING, and EXCELLENT for US.
(9) Should GCU require more money in the FUTURE before & IF (I repeat IF) a TREMENDOUS BUY-OUT
happens to come along---& I think it will--in a BIDDING WAR, it will OBVIOUSLY be DONE at a MUCH
MUCH HIGHER PRICE than now-----remember BIG BERTHA is doing her thing---testing THE DEPTH
of the Portage Zone---to add OBVIOUSLY MANY MANY more OUNCES of GOLD & Silver---hopefully
close to DOUBLE----by producing the "stuff of LEGEND"----hole BL 11-062.
HENCE GCU's PRUDEND STRATEGY so that a minimum of shares have to be ISSUED.
NOW it is clear to the rest of the "BIG BOYS", and actually TO EVERYONE else that's paying attention,
that to get a large position of shares in GCU----they'll HAVE TO DO IT NOW---ON THE OPEN MARKET,
if they want to accumulate GCU shares at this CHEAP PRICE----watch the share price go BOOM!!!
10) And I knew I could make it to TEN----AREA PLAYS----THE "KLING-ONS" already racing to desperately
get, AND----BRAG & BOAST LOUD & BOLDLY about properties anywhere near GCU's Springpole
Property. Check-out Mainstream's News Release for proof of this. The FLATTERY is NICE---THANKS.
I say "BEWARE"----as you all know, and I've pointed this out many times before in previous posts,
Michael Levinson WAS NO FOOL----Look at the SHEAR SIZE of GCU's Property----Michael was
NOBODY's FOOL---He more that protected his backside in case of such a situation. By the way,
I believe Birch Lake is on GCU's Property---I'll have to re-check. I know Johnson Lake is!
I've probably missed a few points, but my fingers are getting tired!
Notoriously yours, as Always---EXTRAPOLATING----
BARN BREATH
P.S. CONGRATULATIONS to ALL LONGS!!!!