While the board is sleeping If you remember,last week Roadking has this comment:
Why I think an offer will come before next pp (private placement). I and grumpy partners largest position last fall was GBK and a lid was put on the stock. For about 3 months, low volumes days, high volume days same someone would sell just enough stock to put a lid on share price.
Then one morning we are halted for a 70% premium buyout. For the last month stonecap does sell just enough for even on low volume day. PG thinks it is just that they have a bad trader, I disagree, much easier for someone to get us to tender at lower price offer is what I think.
A few days later Road King adds that since the last 20 days Stonecap sold 1.24 million shares.
The same thing just happened with Galway (gwy).This time, the house in question is Clarus.They have sold millions and millions of shares for 1 month.Any attempt to rally was systematically stopped by a sale from Clarus.Even after a nice 43-101 and several holes assays with good grades.
And you know what?They totally stopped a week ago.And we never heard about them.
Today GWY have been purchased for almost the double of the lid Clarus put on...You will say Stonecap was not a big player this week and it's normal:nobody tried to go over mid 70's.They can keep their shares for the next testing...
Road King and I have made a bunch of money with Gbk.Today,Gwy's deal was my 3rd biggest position at the moment.And guess what is the first one...
I'm no trying to convince anyone to stay,cause we all know that earth may exploded anytime,(lol) but ,if the trend continues, I should have a 3rd buyout this year...