Getting the respect it deservesWhat a great week! I don't know how the volumes picked up so strongly over the last month. I get the feeling management was on the road educating the brokerage community about the private placement, it filled up, and the resulting demand spilled out into the general market for GRG. Silver pricing picking up and shortening the ratio to gold also has helped, but I see still more upside in silver and gold pricing. Market industrial demand and silver supply should drive silver higher as well.
I really like that GRG has not issued a massive amount of cheap shares. Management seems quite ethical and visionary for the future - save your share capital for a higher metric and this will help exploit future plays and acquisitions. Many management teams get greedy and they blow their wads early. Keep the shares in the vault, get your share capital value on a high metric and the value and power of the company is exponential. Nothing is worse than having a $2MM or $25mm market cap company with 200MM shares outstanding.
GRG has its flagship play, options have been granted, and it is well financed. Remember that .40 private placement that was done and we couldn't figure out why the shares were trading at 50 percent of that price? Makes sense now doesn't it? Thanks Resource Maven you have made a lot of people some capital gains so far, and this is just getting started. Google her website and enjoy her commentary and newsletter. (I have zero relationship with her enterprise, but she has introduced me to some fine companies through her writing).
Good luck, next week should be fun!