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Nighthawk Gold Equity Warrants Exp 6th May 2024 MIMZD


Primary Symbol: T.NHK.W

Nighthawk Gold Corp. is a Canada-based gold exploration and development company. The Company is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The Company owns 100% ownership of more than 947 square kilometers district scale property within 200 kilometers (km) north of Yellowknife, Northwest Territories, Canada. The property hosts the Indin Lake (Archean) Greenstone belt. Its Colomac Gold Project is a large-scale, open-pit gold project in the Northwest Territories, Canada, about 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions. Its grassroots targets with gold occurrences on its district scale property include Goldcrest Deposit, Kim Deposit, rizzly Bear Deposit, Damoti Deposit, Cass Deposit, and others.


TSX:NHK.W - Post by User

Post by tony1969on Oct 23, 2023 12:46pm
149 Views
Post# 35696550

Fact. Not much size for sale from $0.31 to $0.42 Canadian...

Fact. Not much size for sale from $0.31 to $0.42 Canadian...Fact. This stock closed at $0.31 Canadian on October 10th. Since that close it has traded right around 275k shares on the TSX. It is currently trading at $0.42 Canadian or over 35% higher. Let's take the average price from 31 cents to 42 cents. It is $0.365 Canadian. Multiply that average by the 275k shares and we get just about exactly $100k Canadian. In other words a mere $100k Canadian in total trades in the span of the past 9 trading days including today. At $0.31 we had a cap of $46.5m Canadian. We now have a cap of $63m Canadian. Both using the 150m share we have outstanding. What I am trying to say here is that $100k in TOTAL TRADE $ increased the market cap of NHK by $16.5 million again Canadian. That my friends is what happens when you are invested in a VERY illiquid equity. What we were experiencing with the slow bleed to the down side we are now experiencing to the up side. This is why one should never get overly depressed or overly excited in these stocks. Just know what you own and take advantage of dislocations to add or to start a position. I do not think we run much more here. Some consolidation here would be nice and a rip higher if the pog breaks out would be great. Give me some thumbs up ladies. I just took 15 minutes off of my work day to make this point yet again.
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