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Giga Metals Corp V.GIGA

Alternate Symbol(s):  GIGGF | V.GIGA.WT.A

Giga Metals Corporation is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties in Canada. The Company’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few undeveloped sulfide nickel and cobalt resources. The Company has an 85% interest in Hard Creek, which itself has a 100% interest in the Turnagain Nickel Cobalt Project located in the Liard Mining Division in northern British Columbia, approximately 65 km east of Dease Lake. The Turnagain Nickel-Cobalt Project has over 73 mineral claims with a total area of approximately 39,848 ha. It hosts the Horsetrail nickel-cobalt deposit. The Turnagain Nickel property covers the known extent of a zoned, Alaskan-type ultramafic intrusive complex in fault contact with Paleozoic to Early Mesozoic graphitic sedimentary rocks along its northern and eastern margins.


TSXV:GIGA - Post by User

Bullboard Posts
Comment by Dadsaid2on Oct 16, 2020 5:41pm
168 Views
Post# 31732767

RE:RE:RE:RE:RE:RE:Is this stock dead

RE:RE:RE:RE:RE:RE:Is this stock deadHi back to you Rm90090. I hope l didn't insult you. It was more of a word of caution on how GIGA management is explaining that they are putting money into the company. As BB poster "Oenophile" has pointed out, they are exercising their options & warrents (which is totally legal). Unfortunately there are a lot of open market buyers left holding the bag. Here's what l could find. Six insiders exercised their options and warrants. They bought shares for anywhere from 8 cents to 60 cents. Total proceeds of $730,000 goes to GIGA's balance sheet as working capital cash. The same day or shortly thereafter these 6 insiders sold shares in the open market for personal proceeds of $8,400,000. Prices ranged from 60 cents to as high as $1.97. Most were done between $1.47 and $1.97. Obviously a tidy capital gain of about $7,700,000. I think you get the point. It's very nice of management putting $730,000 into the company by exercising their options and warrants as long as you understand how they did it. The other minor point is there are more open market shares floating out there. Never before does "buyer beware" live up to its meaning. As l always say...do your homework and...GLTA
Bullboard Posts