RE:ATH $3.80 and a day that...Well that was quite a day... certainly unexpected. WOW. As for my message that uploaded in bad formatting, it was a recap of how some longs experienced the day in 2017 when the Company was tentatively sold but the sale fell thru. Basically it was a crazy day. Needless to say, and MOST IMPORTANTLY, us longs hung on as the facts of the proven resource never changed. Its obvious that there’s interest in this property. As far as I’m concerned, it has to be pretty attractive to buyers in as much that it lies in a region that is not war torn and desperately corrupt. NDP Provincial Gov notwithstanding. SO, 2 days into the week, Lets see where it goes from here Profit taking or upward to my 10-15 bagger call lol..
All of course, IMHO
tylerd wrote: <p> Will not be forgotten buy us longs. Getting an email on phone from broker around 9-10 am... looked like every other boring, useless email from broker... thought it was going to be the usual: stock has crossed 15 day....exceeded volume.... 52 week high..low... UNTIL I saw the words:<br /> WHY HAS AGRRED TO SALE FOR 1 billion dollars CDN. Needless to say, it was an extremely unproductive day at work and as it climbed on every trade, an audience gathered to watch my desktop screen. Then, it halted, and the rest is history. Luckily, not bre-x history. Us longs are still hanging on as there has never been a dispute as to the validity of the proven, audited resource. It was more of a case of demand and it's just not sexy to talk about 3 football fields thick of pure, 99% Pharmaceutical grade Magnesium. That was then, this is now!<br /> The demand for Mag is there and I couldn't be happier about China pulling back on supply. Let's not kid ourselves, something is going on with those buys today.... that 5 cent jump at 1pm with big volume is a tell. The technical ATH is 3.80 from the aborted buyout and regular ATH is .80. I still maintain that It will break 1.00 without a NR but it could blow way past that.... it's possible. Obviously, another day like today and the exchange will prob request a statement from company. </p> <p> , it halted, and the rest is history. Luckily, not bre-x history. Us longs are still hanging on as there has never been a dispute as to the validity of the proven, audited resource. I5 was more of a case of demand and it's just not sexy to talk about 3 football fields thick of pure, 99% Pharmaceutical grade Magnesium. That was then, this is now!<br /> The actual, value of this is staggering...so much so that it sounds foolish to state it here so I will refrain. You did your DD.. so you know right?<br /> What I will state is what company agreed to as a sale last time and that was in the neighborhood of 10.00 per share and that's a bargain if buyer can efficiently get the permit to extract the resource.