OTCPK:TNGZF - Post by User
Comment by
goldinontarioon Feb 11, 2015 5:14pm
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Post# 23419819
RE:RE:Why Grenville should be trading at over $0.90 within a week
RE:RE:Why Grenville should be trading at over $0.90 within a weekA great trading day for GRC. We are now well above the financing price, which gives me confidence that we are through digesting the financing (i.e. (1) buyers of the financing selling shares to arb the difference and (b) Ibankers in the deal getting rid of any shares they were not able to find new buyers for. We traded 2.4 million shares today and have traded almost 10 million shares in the past three days subsequent to the first PR. This bodes well as shares are now in new strong hands, and those that wanted to flip shares bought in the financing, or those that bought in the 55-58 cent range and wanted to take small profits are now out. So now it should be onward and upward. I assume that once the financing is completed (i.e. it was a bought deal, but the legals/regulatory process still have to be dealt with) the company will embark on a roadshow to tell the story. This story is in its infancy and most of the street is unaware of this new Royalty company. Maybe even some of the larger brokerage firms will start sniffing around and pick up coverage.