stock price - thoughts
The stock holds an asset containing moly, gold, and silver that is the only reason for anybody being here, and that both the old and new management didn’t seem to think had anything of value currently, as presented to investors on SEDAR during the last year (i.e. their not pursuing Lone Pine), a shell website under the new management with no projects listed on it but saying that they are looking for a new project and are doing a 12 cent PP, and yet the price goes up 900% since April when whoever bought recently could have had a year or longer to accumulate under 10 cents. Nobody knows what is going on, and those of us how did buy under 10 cents soon after the last PP (myself included) were lucky enough to make a triple or more over the last couple of weeks. However, anybody holding for 12 years of course would have been wiped out, or at least lost money had their buys and sells not been timed just right. So basically it’s just a timing game the way the stock has played out over the years. To me this run up in the absence of news is the type of thing that turns off a lot of exploration stock investors. You invest supposedly for taking the risk that a company unlocks mineral value of known projects, not that some select person or group gets wind of something that may be coming up.
So here’s a question: Has the 12 cent PP closed? I didn’t see any announcement. If not, then why would anyone pay 50 cents on the open market? And if they don’t qualify for the PP, it’s seems like they wouldn’t have the money to throw around.
Thoughts/opinions?
Oct 22, 2020 |
St. James Gold Corp. (TSXV: LORD) (the "Company") is pleased to announce that it will conduct a non-brokered private placement of up to 2,000,000 units ("Units") at a price of $0.12 per Unit for gross proceeds of up to $240,000 (the "Offering").