OTCPK:PGMFF - Post by User
Post by
lilbuggeron Dec 20, 2020 10:09am
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Post# 32148892
At least management is honourable
At least management is honourableWild trading day on Friday with PGM being aded to a gold ETF. 3 seconds before the close we are trading up 2 cents. At the bell, 3 seconds later, we are off 25 cents or 9%. Some people invest for a year and are happy with a 5% return. 3 seconds. WOW! Talk about market manipulation. I guess it's ok when an ETF does it.
The good thing is management announced they were issuing 2 million options. They could have issued at the closing price of $2.59 but they didn't, it seems they have faith in their company so they set the exercise price at $2.84. That is the honourable thing to do in my mind. I have seen so many companies pound the stock, grant options at a manipulated low price and then issue a news release a week or so later with remarkably good news. Coincidence, you bet and I have rarely seen the Exchange or the BCSC balk.
It seems to me we are going higher in the near and longer term, hoping for some more good results and looking forward to seeing how much cash flow is generated in Q1. Have to wait until the end of May for that though.
GLTA and Merry Xmas