RE:The vote isn’t important $DAM, you seem to be somewhat in the know..got some questions for ya if you don't mind sharing your thoughts..
I've been following along for almost a year now, first time posting. Still not as well educated in the subject as I'd like to be..
1) do you know much about the GBR acquisition?
- how many forecasted ounces did they project and what was proven/ validated in the NI-43-101? Is that how it works? They project a certain amount of ounces, then have to drill, then prove it/ validate it? Which is what the 43-101 is essentially?
2) is a buy out even possible without the 43-101? Wouldn't the 43-101 need to be approved before anyone would even consider a real offer?
3) what is LMEs proven gold right now? And how on par is it with their 10M oz projection? Do we know this info? What's the difference between proven gold deposit and drill results and how mineable/ profitable an area would be to mine. Is this where the 43-101 comes into play?
4) in the market depth analysis, it shows that at 1.04 and 1.05 there are 283k and 205k shares up for ask.. why is someone trying to offload this amount of shares at these price points? Some hurdles to jump up in price, no? essentially would need ~$550k of new money to pass that speed bump and go up in price. Is someone just trading this stock, keeping the price down below what it should be? So their margins are bigger when a buy out does happen? Or is it an insider selling stock?
appreciate yours, or anyone else's thoughts on this. Again I'm new to this whole thing still and trying to learn as much as possible