RE:RE:RE:Wow this might be next FostervilleI really think a small fraction of the float is being swing traded. I think we saw it in high speed action today. It won't last forever. I don't think it will last much longer. At some point, the sellers who get squeamish or impatient on the low side will dry up.
Gangsterme wrote: Go figure for sure, gold is up, great new results, and the volume is up, yet price has moved marginally after initial bump. Would love to understand who is selling today and did not sell yesterday or the day before.
If the sellers today are not pleased with the new assay results it is beyond me to understand why they originally purchased this stock. If the sellers are selling short, they really must not have a clue what these recent assay results mean for the ever increasing volume of gold to be discovered on this huge property.
Again I do not understand why a company such as Barrick would not be slowly picking up stock on the open market today if they are potentially going to acquire it. They could pick up stock today at a lower price than they, or another major, will be paying in the next few years, or like me and other investors, they will realize a huge profit on their investment when the property is developed by whomever.