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Visible Gold Mines Inc V.VGD

Alternate Symbol(s):  VGMIF

Visible Gold Mines Inc. is a mining exploration company involved in the acquisition and exploration of mineral properties with prospects for hosting gold and lithium mineral deposits. Its projects include MegaLi Project, NataLi Project, CarLi Project, and Veronik Property. The MegaLi property (78 mining claims) is located in the region of James Bay, Quebec, covers about 3,996 hectares (ha) of mining land. The NataLi property (107 mining claims) is located in the region of James Bay, Quebec, covering about 5,667 ha of mining land package located 25 kilometers (km) west of Critical Elements' Rose lithium deposit. In CarLi Project, it owns about 125 mining claims covering an area of about 6,400 ha on the newly identified Wachiskw's intrusion. The Veronik property is located about 75 km southeast of Hecla’s Casa Berardi gold mine. The Veronik property is underlain by the mafic volcanic rocks and gabbros of the Clermont-Disson Formation, in the eastern part of the Archean Abitibi belt.


TSXV:VGD - Post by User

Bullboard Posts
Comment by Oregonduckon Mar 25, 2015 1:43pm
88 Views
Post# 23560109

RE:RE:RE:RE:Impressive support

RE:RE:RE:RE:Impressive support
Raptor7 wrote:
First of all, let me start by saying I'm not convinced that this has really happened. This would be pretty unique if some bigwig's investment strategies were being played out on the bullboards.

But giving benefit to the doubt, let's again assume there is some truth to this. You ask why would they exercise their warrants that don't expire for quite some time?

Good question. But let me pose a question to you. Let's say this guy is quite happy making more than a double on this investment in just 3 or 4 months (TMX reports shares were sold at an average price of 13.56 pennies). What might you think if he simply sold these shares and did so even before results came out? I think you might be kind of perturbed.

But let's spin it in a way that conveys the message he was only anxious to exercise warrants but felt compelled to keep his holdings under a 20% threshold which apparently triggers some kind of inconveniences? It kind of softens the blow, doesn't it. It doesn't matter that he is exercising warrants at a nice discount to prevailing prices and it doesn't matter that he has already locked in enough gains to complete this transaction with somebody else's money. It just matters that he has exercised these warrants and in the eyes of some it makes him look like a hero. JUST BRILLIANT!



Presumably, no big investors like Goodman & McEwen would exercise 14.5 million warrants @$0.10 on a penny stock trading 2 or 3 cents above the exercise price. As the jokes goes, who are these "dumbass" insiders, who together with Management, will end up owning about 50% of the 102 million outstanding "diluted" shares sell their stock to?? Try dumping that load of stock onto retail investors. Right now, McEwen Mining or Bob McEwen hasn't sold anything, otherwise they would to file an insider report. McEwen bought about 400,000 shares in the open mkt. @ 12.5 cents a few months earlier. I think the bull and the bear has each made their case, and we shall see who is right.
Bullboard Posts