RE:Wow! Market Cap Rises $92,880,000 since December 3rd!quakes99 wrote: And the issuance of another 96,736,540 shares to CGN adds another $82M in cash to the NAV and raises the Market Cap by another $75M at today's CA$0.77 close. Wow! That's what happens when a company issues shares at a 25% Premium to the trading share price. Both NAV and Market Cap rise in tandem. ;-)
And the bonus is that CGN mining's 96.7M shares will probably never be traded on the market, so liquidity does not expand and put downward pressure on the share price. As more investors hold and buy, given the increasing positive news volume, liquidity will drop even further and help sustain the momentum, imho.
No wonder the bashers are telling you to go underweight and sell. They are all lined up at the door ready to buy, buy, buy. :-0
Good luck everyone!
Here's hoping this upward momentum continues into the New Year. :-)
Bla bla bla..........talk to me when we hit 1.73 again.