GREY:ALXDF - Post by User
Comment by
goldhunter11on Aug 14, 2018 5:49pm
106 Views
Post# 28460314
RE:Indeed
RE:Indeedcfaer,
They tried to play the trick with a 5k @0.04, but the closing was @ 0.045 for all exchanges (not 0.04).
And all trades (daily total was 554k) with the vast majority @ 0.045. Even with this total, the volume is quite small (worth about $25k for the entire session).
I don't think that 5k shares @ 0.04 = $200 would persuade people to believe that AZX would be worth only $0.04? Most likely, they are cross trades for the left hands to sell to the right hands, and we know how the game is being played.
GH
----------------------
cfaer wrote: With final trades at .04 cents I wonder how Mr Henry is even managing to produce any decent offers. Forget the ounces in the ground scenario. Most of the merger / acquisitions of late have been priced using short term share price dynamics. The former Probe offer at 12c is likely an opportunity missed ( thanks EO) especially in this gold market. That said, the sale option is likely off the table to be replaced with a small financing. Even then you would have to do it at .05c unless our white night Agnico is prepared to finance above current prices as they have in the past.