RE:No sellers I wanted to buy 50000 on Friday but with volume that low, I would have forced up the price too much. The only way you are going to buy large chunks of GENM right now is by accepting that you are going to have to pay a higher price. With no news, that will probably not happen; however, with the issue of a permit, we may see investors jumping in at a new level because of the derisking.
I know I go on about this, but GENM is undervalued due to investor sentiment about risk. As risks are removed, investors become more focussed on the fundamental economic value. I think I did see a valuation of 13 dollars somewhere if a full working mine were to happen. Obviously, there are many variables but my point is that with a mine just 2.5 years away, this may become an extraordinary investment over the next few years.
Oilsyd