Weekly Stats And Catch Up For The Last 3 MonthsYep, it's been a while since I published the weekly stats. I got a personal project that drove me aside during that time and I would say that it was beneficial to stay away from the day-to-day business, including the stock markets.
A lot of things happened though, with many NRs published by the company with about one every week in June:
- $6.688M financing closed
- Consolidation of land package getting the majority of the Goldboro district, delay of permit works and mine construction, and decision to focus on exploration.
- Nomination of George J. Furey as Chair of the BoD
- Selling of Point-Rousse to MAE for $3M in ca$h and 24M shares
- 2nd drill to extend drilling campaign at Goldboro to 12k meters to demonstrate the potential scale of the deposit
- Extends Ground Geophysical Survey to the West of the Goldboro Deposit
I have a couple of comments regarding the above announcements: it's great to have consolidated "The Beast" nest and around and send the message that we are now focusing on exploring west. This might be the only way remaining to fight against the Lassonde Curve "Orphan Period" since it seems they have tough times in building a financing package. Words are that they have difficulties with the equity part of the package. The market is still yawning at the gold junior sector and it's pretty bad for us. My question for mangement is "Did they look at other solutions, like streaming and royalty financing?" It might do the trick.
Also, getting rid of Point-Rousse was a good thing as we will not need to pay for care and maintenance operations anymore. Now, getting 24M shares of Maritime Resources + 3M in ca$h for it is not a lot... and our position in MAE will already be diluted as MAE announced this week that they intend to raise the $3M they need to pay for the acquisition by adding 75M shares to their float. What a mess this saga is... if they would have merged at the first place, I think shareholders of both companies would have been healtier... (sigh)
I like the exploration focus by adding a drill and doing geophysical survey west. Let's get some juicy results to get the attention of some big players.
As for the stats, well they are not good at all. The highest weekly volume was from the last week of May and all of June with a sell-off down to 20 cents. We got back some of the drop in July. Gold lost some of it lust during that period and so did the minors globally.
GLTA
| Date | Open | Close | Yield | Volume ** | VWAP*** | VWAP Var. | WAGP**** | WAGP Var. |
| July 24, 2023 | 0.235 | 0.23 | 0.00% | 418 206 | 0.237 | 4.41% | 1 956.90 | -0.53% |
| July 17, 2023 | 0.22 | 0.23 | 4.55% | 162 910 | 0.227 | 1.79% | 1 967.30 | 1.18% |
| July 10, 2023 ! | 0.23 | 0.22 | -4.35% | 213 292 | 0.223 | -2.62% | 1 944.40 | 1.14% |
| July 3, 2023 *! | 0.235 | 0.23 | 2.22% | 90 348 | 0.229 | -6.53% | 1 922.40 | 0.52% |
| June 26, 2023 | 0.22 | 0.225 | 9.76% | 400 427 | 0.245 | 13.95% | 1 912.40 | -0.68% |
| June 19, 2023 ! | 0.24 | 0.205 | -14.58% | 677 700 | 0.215 | -11.52% | 1 925.40 | -1.51% |
| June 12, 2023 ! | 0.245 | 0.24 | -2.04% | 718 018 | 0.243 | -1.22% | 1 955.00 | -0.37% |
| June 5, 2023 ! | 0.26 | 0.245 | -5.77% | 744 404 | 0.246 | -2.38% | 1 962.20 | -0.07% |
| May 29, 2023 ! | 0.26 | 0.26 | 0.00% | 626 609 | 0.252 | -5.62% | 1 963.60 | 0.13% |
| May 22, 2023 *! | 0.28 | 0.26 | -3.70% | 470 743 | 0.267 | -6.97% | 1 961.10 | -1.19% |
| May 15, 2023 ! | 0.295 | 0.27 | -6.90% | 583 135 | 0.287 | -1.03% | 1 984.70 | -2.03% |
| May 8, 2023 | 0.305 | 0.29 | -4.92% | 399 568 | 0.29 | -4.29% | 2 025.80 | 0.60% |
| May 1, 2023 ! | 0.315 | 0.305 | -6.15% | 382 092 | 0.303 | -6.77% | 2 013.80 | 1.33% |
| Apr 24, 2023 | 0.33 | 0.325 | -2.99% | 284 706 | 0.325 | -6.61% | 1 987.40 | -0.30% |
| Apr 17, 2023 ! | 0.35 | 0.335 | -1.47% | 120 859 | 0.348 | 1.16% | 1 993.30 | -1.31% |
| Apr 10, 2023 | 0.35 | 0.34 | 0.00% | 287 060 | 0.344 | 1.18% | 2 019.70 | 0.66% |
| Apr 3, 2023 * | 0.345 | 0.34 | 0.00% | 346 063 | 0.34 | 1.49% | 2 006.40 | 2.16% |
| Mar 27, 2023 | 0.30 | 0.34 | 9.68% | 258 132 | 0.335 | 7.37% | 1 963.90 | -0.24% |
| Mar 20, 2023 ! | 0.31 | 0.31 | 0.00% | 120 859 | 0.312 | -2.50% | 1 968.60 | 2.24% |
| Mar 13, 2023 | 0.325 | 0.31 | -4.62% | 329 536 | 0.32 | 0.00% | 1 925.40 | 4.82% |
| Mar 6, 2023 | 0.295 | 0.325 | 4.84% | 581 722 | 0.32 | 10.73% | 1 836.90 | 0.25% |
| Feb 27, 2023 ! | 0.29 | 0.31 | 10.71% | 679 303 | 0.289 | 0.00% | 1 832.40 | 0.07% |
| Feb 20, 2023 *! | 0.295 | 0.28 | -3.45% | 1 211 785 | 0.289 | -0.69% | 1 831.10 | -0.63% |
| Feb 13, 2023 ! | 0.30 | 0.29 | -1.69% | 1 248 995 | 0.291 | -3.00% | 1 842.80 | -1.51% |
| Feb 06, 2023 | 0.33 | 0.295 | -13.24% | 1 197 198 | 0.30 | -12.02% | 1 871.10 | -2.25% |
| Jan 30, 2023 ! | 0.34 | 0.34 | 0.00% | 208 613 | 0.341 | -0.58% | 1 914.20 | -0.53% |
| Jan 23, 2023 | 0.35 | 0.34 | 0.00% | 125 038 | 0.343 | 1.18% | 1 924.40 | 0.23% |
| Jan 16, 2023 | 0.37 | 0.34 | -6.85% | 171 748 | 0.339 | -11.49% | 1 919.90 | 1.91% |
| Jan 9, 2023 | 0.42 | 0.365 | -8.75% | 249 405 | 0.383 | -0.78% | 1 883.90 | 1.90% |
| Jan 2, 2023 | 0.34 | 0.40 | 25.00% | 387 212 | 0.386 | 23.72% | 1 848.70 | 2.22% |
| Dec 26, 2022 * | 0.305 | 0.32 | 3.23% | 229 167 | 0.312 | -1.58% | 1 808.60 | 0.16% |
| Dec 19, 2022 ! | 0.32 | 0.31 | -3.13% | 710 944 | 0.317 | -4.80% | 1 805.70 | 0.38% |
| Dec 12, 2022 | 0.36 | 0.32 | -13.51% | 384 102 | 0.333 | -6.72% | 1 798.90 | 0.85% |
| Dec 5, 2022 | 0.35 | 0.37 | 7.25% | 166 930 | 0.357 | 9.51% | 1 783.80 | 0.89% |
| Nov 28, 2022 ! | 0.30 | 0.345 | 15.00% | 106 441 | 0.326 | 7.24% | 1 768.10 | 1.25% |
| Nov 21, 2022 | 0.305 | 0.30 | 0.00% | 152 658 | 0.304 | -3.49% | 1 746.20 | -1.05% |
| Nov 14, 2022 | 0.32 | 0.30 | -10.45% | 277 295 | 0.315 | -2.17% | 1 764.70 | 2.87% |
| Nov 7, 2022 | 0.32 | 0.335 | 6.35% | 477 488 | 0.322 | 0.31% | 1 715.40 | 4.13% |
| Oct 31, 2022 ! | 0.325 | 0.315 | -8.70% | 117 566 | 0.321 | -2.13% | 1 647.40 | -0.56% |
| Oct 24, 2022 ! | 0.415 | 0.345 | -11.54% | 530 572 | 0.328 | -19.80% | 1 656.60 | 0.67% |
| | | | | | | | | |
| * Market was open 4 days or less during the week in Canada | | | | |
| ** Volume on the TSX only | | | | | |
| *** Volume Weighted Average Price | | | | | |
| **** Weekly Averaged Gold Price in $US | | | | | |
| An exclamation mark (!) indicates that news were published during the week |