GREY:HRIVF - Post by User
Post by
Goldcat007on Aug 26, 2011 11:47am
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Post# 18982705
Stuuff can happen very fast - in 2009
Stuuff can happen very fast - in 2009v.FWR had several properties including gold and ferro-chrome at Macfauld's Lake, Ontario.
Here is an approximate history of what happened in a recent takeover.
FWR trades in 0.15 -0.30 range.
V.NOT makes a bid for at 0.50
CLF bids at 0.55
v.NOT bids at 0.60
CLF bids at 0.70
v.NOT bids at 0.75
CLF bids at !.05 and wins
Both were all-share deals and closed with CLF at $50. CLF has been trading in the $41 -105 range since and now is $72 which equates to about $ 1.50 for FWR or 7X for FWR at 0.25
This all only took 2 or 3 months. All info is approximate from memory so please excuse any errors.
As some sea captains say- "Hold the Turn" ( turn the wheel a bit in a wind so the ship will stay in a straight line to its destination).
The strong winds on HRG will increase.
One of FWR's gold properties was the Windfall property in Quebec and I tracked that down and v.EAG has it now. If someone can help me, FWR also had joint properties at Clarence Stream in NB and I would like to look into it at this time. Thank you.