GREY:VITFF - Post by User
Comment by
Whateverrron Dec 13, 2020 6:33pm
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Post# 32096655
RE:Base Prospectus filed for secondary sale
RE:Base Prospectus filed for secondary saleYes you must be correct Orion and Victoria Gold wish the stock price went lower then the $17 a share so that those buyers could buy more and average down ???!!!!! LMAO. phoenix_trader wrote: Orion likely needs cash.
The other large Orion Cdn investment is Nomad Royalties (NSR).
Orion owns about 400 mill shares which they received May 27th for a royalty portfolio. They are restricted on any sale for 12 months.
Yamana also received NSR shares for a royalty and NSR filed a similar base prospectus Sept 30th. Their restriction was 6 months, they cashed out today,
Perhaps this explains the persistent weakness in VGCX and gives the folks who bought at $17 an opportunity to average down. VGCX traded higher immediately following the prospectus filing about three hours before market close.
The prospectus discloses no new operational issues.