RE:MAX Price actions weekly - Solid UptrendAlready at 50cts today. Are we going to have 55cts this month ?
If you have bought the shares in the range of 15 cts to 20 cts like I indicated in April-2021, you have more than doubled your money.
Regarding today's news, it looks very DUMB on the part of the management to sell shares at 26cts and then on top of it give half warrants at 36 cts. This is only given to BIG investors who normally will flip them in next few months.
This kind of ssweet deals are never given to existing share holders - especially individual investors.
Almost 30 million shares at 26 cts and another 15 million warrants at 36 cts which can be sold after 4 months.
Existing share holders see 30% dilutions - but the share price have gone up.
So what happens to warants after 4 months or new shares at 26 cts after 4 months ?
This new share holders are riding at cost free if they sell half of their shares after 4 months and let us assume the share prices to be around 55 cts then.
So existing share holders are to be very careful holding shares after 4 months. Any bad news on drilling results - if any in next 4 months - could tank the share prices. There is not much liquidity to this stock. 100K daily trading is only C$ 50K and bid and ask price have difference of 1 cts or sometimes 2 cts i,e, 2% to 4% difference. Market makers are milking the difference.
Stay tuned. Interesing time ahead for this stock.