GREY:ETPHF - Post by User
Post by
prairie08sheikon May 31, 2011 9:57pm
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Post# 18652991
Very small float of shares
Very small float of sharesThis float is very small and scary. Most junior usually issue 30 - 40 M shares and then through financing dilute them more, hoping their drill/finds offsets the negative news on dilution. Perhaps they hope to drill and issue more shares with their results. Look at shares AAA has outstanding and then look at FED's.
This might be a race between the drilling results being released and a take-over. Probably a take over before the good news is out as it would generate more interest.
Just waiting for WZR to gain more with their positive results today before I move some of the gains into FED.
FED might have the faster % gain short term now, but might not be around as compared to AAA-looks like they want to take it to production and most holding AAA, would like to see this, getting the most out of a company, year after year.