GREY:OREAF - Post by User
Comment by
tdsbon Sep 04, 2021 6:02pm
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Post# 33814861
RE:$$ ;
RE:$$ ;Rockit, I don't think Nordgold will launch a take over until the final appeal is cleared by The French Government. Nordgold is apparently having trouble with one of their mines in Burkino Faso, there is a civil war going on but I haven't been following it. I think they want to expand there footprint as soon as possible, and that means launching a bid shortly after the final appeal is over.The price of gold looks very promising to shoot higher in the next month. As for taking profit you could sell a tranche of your shares now to lock in some profit but keep some in reserve in case Orea moves higher. I am going to wait until next week before I consider selling anything because of the price I bought in at, I have some wiggle room. Next week we should see more active trading in the gold market, but you can never be at fault as a trader if you take a profit whether big or small, that is what we are here for. CHEERS!