Is My Fantasy Takeover Bid, Coming Soon?I am just flabbergasted by the amount of buying of CCW shares! The selling is understandable. People have lost their nerve and are panicking! I don't care! LOL
Maybe I will get my fantasy take out bid?
More than likely, someone wants a good chunk of the spun-out Graal shares, prior to the date that it's announced!
I bet some group of investors thinks that that Graal deposit is going to prove to be a very valuable asset and wants to get as big a chunk of it, as they can, before it is spun out and repriced?
Why would they buy otherwise? These shares sure aren't dead money! They have become very alive at the right price!
Perhaps, for them, the rest of the company is just the gravy on the potatoes?
We don't yet know the details of the new company's share structure. (ie. the number of shares and it's share price).
I've never seen such a high volume of panic selling in any junior that I've owned!
But surprisingly, the share price has remained remarkably stable around these levels. The share price just seems to bounce around between 3.5 and 4 cents!
If any miner is planning a take-over bid, the sellers sure have made it easy for them! LOL
All the best! Java