RE:Drilling results ????bajanjohn2 wrote: Maybe tommorrow at the conference.
The share price could certainly use them.
Whenever there seems to be a lengthy period between drilling results the fear is often that the company doesn't have anything good to release and are waiting for something better, but there is a good reason why results are taking so long as explained in this article:
https://resourcemaven.ca/blog/why-so-slow-labs I get the sense that the share price is being suppressed. Sure gold stocks in general have been weak lately, but since August 31 when VGCX closed at $20.70 - a drop of 29%, the GDXJ (Gold Junior miners ETF), is down just 9%.
Who benefits from price suppression? Anyone planning a takeover offer. Premiums are usually based on the average closing share price for the previous 30 days. If this average is $15, then a $20 offer represents a 33% premium which is a fairly normal premium.
Another indicator is the increase in the current short position. VGCX's "official" short position on the TSX increased by 778,192 between Sept. 15 and Sept. 30.
A takeover offer for ~ $20 is our biggest threat because Orion would probably accept as well as the new owners of $17 shares and other shareholders that are currently agonizing over the decline in share price without any positive news releases.