RE:"Anonymous" aka Mighty-Moose Keep your eyes peeled for "Anonymous"
There's a theory going around that "Anonymous" is none other than Laurentian Bank disguised in some shedded winter Moose Antlers.
Plenty onlookers say that they have avoided buying GH in the past because it lacks the "Liquidity" they desire in a portfolio holding.
Funny, I haven't heard Buffett complain about liquidity before.
Have come to learn that people will conjure up reasons to Buy, Sell, Hold, Wait, Watch, Swing and Dance based on their own personal biases. Our biases often get in the way of making sound financial decisions at various points in time. I'm especially guilty of that one; I overvalue good-quality entertainment assets because of my own biases. Causes me to ignore the discount applied to GH due to its lack of liquidity. If we were a $3B company on the Nasdaq, the discount may shift to a premium. But we're on the TSX, $220mm market cap, and nobody knows we exist.
That's ok. Others will take note when we are $300mm. Maybe a quick comment on BNN, or two.
Liquidity is said to be a two-sided sword.
Difficult to buy, difficult to sell.
But what happens when the guy wearing Moose Antlers decides he wants 50-100k shares of GH at a time when the economic backdrop warrants a $14 share price?
Only one way to find out - The old "Hurry up and Wait" investment strategy, just another winning hand for Kasking at the poker table.
You want shares but they remain as rare as Hen's Teeth.
For darn good reason!
Take the elevator to the $11th floor.
Don't be surprised if you get there with Q2 or Q3 financials.
Slow-roll your GH holdings, let the onlookers bid themselves into a frenzy when they find out about the dividend increase in 2025.