Great To Have Tons of CashOh wow, interesting news with CBJ.
Guys, this is the huge advantage that GWY has....They have tons of cash in the bank and can basically say "scram" to people wanting in. This forces them to buy on the market and is likely what we are seeing now.
This should tell us what is going on. Someone wanted in and were told to buy on the market as the company doesn't need the money. I suspect they aren't done.
Don't get swindled out of your position. I bought in at NovaGold back at 61 cents in 2008 and took profits on a 4 bagger only to see it hit $15 and be a 25 bagger! One lesson I have learned, hold on to winners, but it doesn't hurt to take a little off the table as it moves up.
I am not trying to pump, just do DD and find out what you think this is worth. Starting by comparing with CBJ. Resistance levels are the new set of warrants but they do not expire until 2013.
Make sure to do your own DD always!