GREY:CEQXF - Post by User
Comment by
Cardboard1on Jul 30, 2018 7:58pm
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Post# 28388478
RE:less than 2% of float traded so far on biggest news in 3 yrs
RE:less than 2% of float traded so far on biggest news in 3 yrsSure but, it is a lot of volume and trades relative to similar sized juniors.
I am actually really happy with today's volume and price action and hope that this will continue in coming days. It seems like a pretty strong endorsement by the marketplace. Remember that this was mostly left for dead aka receivership incoming.
I now expect analysts to release their reports and revised target price. This is now investable with going concerns going away. Valuation comparison will now be made with others and Dunvegan wells performance and potential will get mentioned. This could set the stage for higher prices.
Who knows what happens after? I have seen 100 baggers once "death" risk was removed (never stayed all the way unfortunately).
Cardboard