Golden Dawn Minerals New GDMRF

RE:RE:RE:RE:Golden Dawn Minerals Inc. (von First Berlin Equity Researc..

[louel]

."..currently see a large seller trying to exit.....bye bye.."

  I see it in a different fashion.     When holders exit they will take the highest price available.  If price is trying to climb they will offload slowly as it does.  
   
 On the other hand when buying you want a controlled buyin price.     When larger firms accumulate they place orders long in advance of price rise expectations.  Setting an upper limit price range where they buy below.    
  If you look at a candle chart it has a flat top at 31 cents.   They work price mainly buying but selling just enough to control retail interest from getting out of hand.  
   
  Once their order is filled price is allowed to take it's natural course.   Then they sell off into the rise after it has climbed but before the peak.  
  
  Take a look at RSI 20.   It does not show distribution.   But rather slow accumulation as even when price dropped RSI was divergent, and remained in a constant uptrend since mid July.     
    If Gold climbs or remains above $1300 and they announce production  or produce some decent drill core results.  Increasing available resource,  Thereby extending LOM. 
My expectation for Price would be .60/65 + cents.  
    Research B/V vs Price and it is not uncommon for companies to trade  2,3,or 4 times or more over Book.  Especially if herd mentality sets in.
 
  Then there is the Kinross factor that could come into play if they prove up resource at Mt Atwood.    It is only a few Km south from the mill.   It would be cheaper for them to buy GOM and upgrade a bit,   than to go through years of permitting and construction.
  
  Thats how I see it.
 
   Wolfe;     Sept 11/17   Purchase  450,000 warrants according to filings