GREY:RNKLF - Post by User
Post by
southbeach1on Mar 27, 2019 11:52am
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Post# 29542673
Pattern - Volume and SP up day Before News Release. Hmmm.
Pattern - Volume and SP up day Before News Release. Hmmm.I'm down 38% on this.... Mill is great news but 49 cent financing is NOT! We need a new CEO. Financing at $0.49 is 10% below 30 day avg closing of $0.55 and only 3 cents more than last financing round. Why wouldn't they wait until after the next (which were due this week) results? Issue price could have been at least 10% higher. Also noticed how much the news gets leaked. This week - shares climb 15% and volume up 3x day before news release. Then SP dropped day of news.
Jan. 22 - drill results out but SP goes up from $0.48 to $0.72 days before and volume was 16M vs avg of 1.3M. Then SP dropped from high of 0.79 to $0.62.
Just look back at all the big swing days - Huge volume day before news!
I wonder if the regulators notice this!