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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Bullboard Posts
Comment by jesse18on May 16, 2020 11:36am
110 Views
Post# 31037819

RE:RE:RE:RE:RE:RE:My bet is that we will end the day green

RE:RE:RE:RE:RE:RE:My bet is that we will end the day green 

 

Well there are possible but im sure im not alone when i suggest B. would be the best option for shareholders.  D. could be a merger with another company but ESM's market cap is too low at the moment and would have move up substantially. I spoke with the past President of ESM about 8 mths ago and he suggested a Chinese Sovereign fund may be a good suitor. 

Further to my earlier post i looked at the trading volume from May 5 to yesterday. To help bring some clarity to trading around a finance it is important to know that any short selling above the $.39 is covered by the paper they receive from the issue. I hope you can see that this is the one of the easiest low risk trades that can be handed to a fund. It is an absolute no brainer to short sell anything above $.39 cents as it is basically free money. That's why it is almost impossible to move above an issue price until the offering closes.

I can see why having anon sell 3.6 millions shares during this period would seem manipulative but there is a very good chance that part of that is going to be covered with the closing of the $.39 offering. Their avg price was $.421 so not a huge profit but like i said a no brainer.

Bullboard Posts