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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Post by Schillon Mar 04, 2015 1:42pm
333 Views
Post# 23489309

Someone's definately accumulating

Someone's definately accumulating
That there was zero price pressure at 10 ct. when Pinetree/Sheldon sold out, and that the enormous amount of shares traded since December could be placed on the market without touching my 5 ct. stink bid :D was just an indiciation that some deep pockets were accumulating like the behaviour of the stock now. What an incredible relative strenght, despite the sector's weakness.
What I find especially remarkable that the bidding did not abate with the rise from 10 to 18 ct.
AND that the bidding continues although GCU has no big milestones in the near pipeline. It seems someone is quite impatient.

My concern is, that more than 50% could get accumulated and then a hostile takeover be initiated. Then we maybe wouldn't even see 50 ct.
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