GREY:GDPEF - Post by User
Comment by
damianchosenoneon May 22, 2018 11:45am
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Post# 28063565
RE:Takeover candidate?
RE:Takeover candidate?why would Sprott sell it for 7 cents? He doesn't have an shares in Anaconda to benefit from that deal. Why wouild Sprott sell when his average share price is well over 12 cents?
The are both waiting for the Australians to sell all their shares as they don't want them to benefit from the pruce surge when it happens.
The Aussies have been selling since December 2016 ( when their 4 month hold period was over) and George and directors indicated that was very unloyal as they told them they were long term shareholders.
As a result, the price never had a chance to takeoff and always had selling pressure and as a result is where it is!