Post by
Skyman on Feb 25, 2020 10:06am
Big Boys Are Buying
A lot of companies are jostling for position in the Valley of Gold: Eldorado, Eric Sprott, O3 Mining, Osisko Gold Royalties, Probe Metals. Most of the shares of QMX are held by gold companies. Who will end up on top with a controlling position? This is a great opportunity for retail investors as the big boys fight it out.
Comment by
freemax1 on Feb 25, 2020 10:11am
You,r right Skyman ! this is just the biginning lock your belt lol their will be a fight here WHO will take-out our GEM. ? time to load at cheap best luck to the longs
Comment by
Skyman on Feb 25, 2020 10:24am
A little research reveals that Newmont, one of the biggest gold players in the world, holds a 12.5% interest in Probe Metals, which owns 4% of QMX. So there is another big boy with a finger in this pie. Anything could happen here in the Valley of Gold!
Comment by
Zola2 on Feb 25, 2020 10:31am
My guess is that ELD will step in shortly and increase their position. They had excellent financials and lots of cash, Time to hold and see how it unfolds.
Comment by
Ready2Lift on Feb 25, 2020 11:05am
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Comment by
freemax1 on Feb 25, 2020 11:40am
Zola2 Yes ELD will try to increase BUT I hope the BoD will be more demanding nothing less than a 50% over the sh.price like Eric paid & taking their time before it ! they have plenty of cash now.