Post by
oldtimer42 on Oct 21, 2011 11:00am
News or Buyout Strategy
There may very well be news out soon as it is due. However, the recent significant accumulations with very strange bid and ask makes me wonder if it is in preparation for a buyout offer. There is little doubt the SP is being held down. Any potential buyer does not want another VEN scenario where irrational exuberance pumps the price up. Unless we get to the $5 range as a base, in my humble opinion a buyout will not exceed that amount. The new ministers of mining and environment are very investor friendly which is great news for the investment community. There should not be any impediments for someone like Batista to move quickly at this time, in fact there is no merit for him to wait. He would get a resource about the size of VEN and eliminate the irritant of GWY's two tracts through VEN territory. A few more decent drill results and Batista will lose the advantage of an artificially low SP. I would love to be a fly on the wall in the GWY boardroom.
Comment by
Dejos74 on Oct 21, 2011 1:14pm
IMO, if there was an offer of that magnitude or any other price out there we would have seen a lot more volume and greater s/p by now. No offence to anyone, but judging by past performance this thing is as leaky as the Titanic.
Comment by
TheBud306 on Oct 21, 2011 1:30pm
I wouldn't even entertain the thought of a buyout before a resource estimate is released. Either way looks like Credit Suisse is on another buying spree today, given the article posted on here yesterday, that can only be a good thing.
Comment by
oldtimer42 on Oct 21, 2011 1:32pm
Let's face it, we are the last to know anyway. No news and extreme high powered buying spurts with no news, something is up. The Titanic was hit by an iceburg, you need to watch out for the Eikeburgs!
Comment by
oldtimer42 on Oct 21, 2011 3:39pm
Over 3 million shares and rising at $1.45 is quite an expensive pump and dump is it not. No, i still think something else is going on here!
Comment by
maglicc on Oct 21, 2011 4:16pm
Well I would like to be wrong finally so I can make some money on my investment into GWY (not just on trading) but I do not see anything extraordinary this time.(same old same old).BTW whre did you get 3 milions from? Looks more like average trading day on TSX (956,791 / 902,584)