ts9222 wrote: Yes the analysts help a lot in moving the share price.
This is the order of what happened with NMI
1 Company turns around to become profitable
2 Reverse split to make the share price over a dollar
3 Analysts follow company
4 Institutions buy
Analysts are much more likely to follow a company if it is profitable and over a dollar. They don't usually follow a money losing company under a dollar that intitutions can't buy.
Institutions are more likely to buy if there is an analyst. So don't expect institutions to immediately buy GCM just because it is over a dollar. They want corroborating evidence from analysts.
Sprott bought a big chunk of NMI after there were analysts and after the share price was way over a dollar.
Onsite visit helps to add analysts. Sprott will be at the gold conference in Colombia. While he is already there, there is a good chance he would make an onsite visit to the largest gold producer in Colombia, GCM.
wayned wrote: Not sure why there is an assumption now that suddenly everybody is going to hit the sell button . Why didn`t they do it last week when there was much more uncertainty . Even the top brass weren`t sure their motions would pass . And there could be dilution but it won`t be massive . We only have a paltry number of shares out . For me the sweating is over . I own a very clean , well run company that`s going to gush money . If you have to wish for something wish for an anlyst or two to start following the company . They are the guys that can really make things happen , as sad as that is . When you start seeing GCM on BNN you start to see action . Fretting about debs and dilution is a waste of time . Get out and pump this baby .
Ts you are bang on!!! CRK became profitable just GCM is. NMI long ago pre planned the buyout along with introducing a 1-5 rev split and a well promoted new NMI company "BECAUSE" they ( the heavy's) were all well known and well respected in the mining industry. CRK left along would have done well all by itself, NMI didnt change anything, the mining operation stayed the same just like GCM for now. Difference is GCM has way more to offer in the future and that's why I think this will be a much bigger deal the NMI buyout at $5.00. As usual history will repeat itself and smart money is already looking not to buy into this company but to BUY IT ALL, Im hoping it's a year from now but my gut tells me it will be soon very soon( 3-6 months) and I hope we first get to the $4-5 range in the next year. If it happens in 3-6 months we might only be between $2.50-$3.50 plus the premiums of course. News from this day on will be mainly positive very positive. GLTA
Patience!