Post by
tylerd on Nov 15, 2021 11:19pm
ATH $3.80 and a day that...
<p> Will not be forgotten buy us longs. Getting an email on phone from broker around 9-10 am... looked like every other boring, useless email from broker... thought it was going to be the usual: stock has crossed 15 day....exceeded volume.... 52 week high..low... UNTIL I saw the words:<br /> WHY HAS AGRRED TO SALE FOR 1 billion dollars CDN. Needless to say, it was an extremely unproductive day at work and as it climbed on every trade, an audience gathered to watch my desktop screen. Then, it halted, and the rest is history. Luckily, not bre-x history. Us longs are still hanging on as there has never been a dispute as to the validity of the proven, audited resource. It was more of a case of demand and it's just not sexy to talk about 3 football fields thick of pure, 99% Pharmaceutical grade Magnesium. That was then, this is now!<br /> The demand for Mag is there and I couldn't be happier about China pulling back on supply. Let's not kid ourselves, something is going on with those buys today.... that 5 cent jump at 1pm with big volume is a tell. The technical ATH is 3.80 from the aborted buyout and regular ATH is .80. I still maintain that It will break 1.00 without a NR but it could blow way past that.... it's possible. Obviously, another day like today and the exchange will prob request a statement from company. </p> <p> , it halted, and the rest is history. Luckily, not bre-x history. Us longs are still hanging on as there has never been a dispute as to the validity of the proven, audited resource. I5 was more of a case of demand and it's just not sexy to talk about 3 football fields thick of pure, 99% Pharmaceutical grade Magnesium. That was then, this is now!<br /> The actual, value of this is staggering...so much so that it sounds foolish to state it here so I will refrain. You did your DD.. so you know right?<br /> What I will state is what company agreed to as a sale last time and that was in the neighborhood of 10.00 per share and that's a bargain if buyer can efficiently get the permit to extract the resource.
Comment by
MoneyK on Nov 16, 2021 8:32am
Seeing bids/asks at $0.84. Could be another fun day. MoneyK
Comment by
Beaud7777 on Nov 16, 2021 7:47pm
WOW is right haha. Gotta be something coming. Been holding this for a real long time. I never sold at 3.80 and I've been thinking about it for awhile lol let's gooo
Comment by
MoneyK on Nov 16, 2021 8:07pm
Permits could be close, but reality is that 70M just seems so cheap. Some explorers are currently trading 10x higher in valuation with nothing more to offer in my opinion. MoneyK