Post by
Metal10 on Jun 05, 2020 1:20pm
Fun Begins Next Week
I continue to add daily...
Going to be a fun week next week, between the soil grabs and initial geological visuals from the core we are 1 NR away from a game-changing rerate. As displayed in previous comments, the scale of this system is insane - its now about continuity... With sprott now having a 20% interest, if this is the next major world class deposit I am sure he will push Gran Columbia Gold to take this out or JV it. He owns 11% of GCM. It makes logically and optically, my bet is not on a JV but an out-right sale if these are monster results... Cheers.
Comment by
lifegoeson on Jun 05, 2020 3:42pm
Metal, don't you think that if the visuals and results are excellent, then there would be more uptick buying... but instead, constant downtick selling. If people in the know are positive, there woulbe be more buyers than sellers and price would inch upwards... I guess we will see next week but now over 5 M shares has leaked, do we need 20 M to leak in this price range before going higher....?
Comment by
Metal10 on Jun 05, 2020 3:50pm
Hey, if the company leaks results to the street they would be held liable with the exchange. This is just profit taking. All good, we have had a monster run so far, but when results are released and if they are good... we will see major volume on the buy side... new discoveries are rare to find, I'm sure there are many waiting in the wings to confirm the high grade nature!
Comment by
LowMoor on Jun 05, 2020 6:18pm
He is only on the board. Not the ceo. The fact that Sprott is in a good chunk now says alot. This is only an exploration company, it will be sold to a major who will put it into production. Not going to be another Red Eagle. I own a small amount of LBC, just exploration plays.
Comment by
LowMoor on Jun 05, 2020 6:24pm
Gold stocks got hit hard today with the POG. I don't see many up. Thrashed gold real good. Down a few pennies is not bad.