Will GCU management ever explain?? Gold Canyon’s last financing was on July 3 2012, led by CIBC and Fraser MacKenzie, including Dundee Securities, Haywood Securities and Dahlman Rose.
Dahlman Rose just hosted a mining conference, which GCU participated in. Kudos to Dahlman Rose for doing this.
Geospot, if you saw Troy’s presentation ‘live’ in New York City, could you be one of the original Dahlman Rose July 3, 2012 investors of GCU at $1.30?? Ouch, if you were.
To me, CBIC has been a big thorn in GCU’s side, and as one poster said, Canaccord Genuity has also been a big seller of GCU. Just look at today’s trading. Investors in these types of financings have their own brokerage firms to settle these investments.
Barisian, the GCU management knows exactly who is (are) the culprits in the continual selloff of Gold Canyon!!!! I grant you, the management can’t do a thing about it, but they know where (and who) the selling (shorting) is coming from.
Troy Fierra may have settled things down a bit in New York City with the Dahlman Rose investors from the July 3,2012 financing of GCU, from his presentation at their recent mining conference, but it’s obvious that he has also to ‘settle down’ a lot of the same July 3,2012 CIBC’s GCU financing shareholders!! Perhaps these CIBC investors (could Sprott and Pinetree Capital be 2 of these CIBC investors?) expected a faster return on their investments!! Who knows!! But to me, both GCU and CIBC should have made their July 3, 2012 ‘investors’ aware of the timetable, with respect to the Springpole gold deposit. Has CIBC had any mining conferences lately, in order to update their GCU ‘investors’ of the Springpole timetable? A lot has happened between July 3, 2012 and ?????? To me, that’s where the problem is with GCU.
It’s all about the major shareholders of GCU. We know a little bit about Pinetree Capital, Sheldon Inwentash, but very little on Sprott’s stock market activity with GCU, if any. We also do not know anything about the American investors. Was Troy in NYC at the Dahlman Rose conference to placate the July 3, 2012 US investors, or invite new prospective investors, or both.
There are also other funds that hold positions in GCU, but we will never find out anything more from them.
I don’t think this is a Dahlman Rose issue, or is it!! Where are the big sellers coming from, the US or Canada??? As I said, I think the sellers (shorters, manipulators) may be coming from the original CIBC ‘investors’ in GCU from the July 3, 2012 financing.
It seemed from the time that the GCU financing was announced on July 3, 2012, the share price went up on ‘hope’ in September (last drill result release), and then went downhill afterwards.
On that note, the following is just my humble opinion.
I would like to see the major shareholders either exit completely, or cut back substantially, their controlling holdings of GCU. Let the retail investors take up the slack.
I would think that any ‘major’ company that is thinking of a takeover of GCU would also have more respect for the average shareholder’s thinking for this gold deposit.
Either way, the Springpole gold deposit will always be there, but it will eventually be financed by retail investors, regardless of what GOG thinks. In fact, I’m starting to wonder how many shares of GCU that GOG has???????
I think the share price would be reflected in this as well, and would be much higher than what it is now.
Just look at the stock price of Probe Mines. No controlling institutions, funds etc. I don’t recall the date, but Sheldon Inwentash and Pinetree Capital dumped Probe’s shares, and the rest is history. Sheldon has always been a very astute investor, always has been, and probably always will be.
However, I would sure like to get Sheldon’s take on his ‘feelings’ about GCU’s stock price right now, but especially on his thoughts on the Springpole gold deposit!!
I apologize for the length of this post.