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Hercules Metals Corp V.BIG

Alternate Symbol(s):  BADEF

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416 unpatented lode claims and approximately 1,165 acres of mineral rights owned in fee. The Company also holds the right to conduct exploration, drilling, road building, mining and milling activities on 1,770 acres of surface within the Hercules Property. The Hercules Property is located on the northwestern shoulder of Cuddy Mountain, 200 kilometers (km) northwest of Boise, Idaho. It also has a diversified metal portfolio, including the newly discovered porphyry copper target at the Hercules Project in Idaho.


TSXV:BIG - Post by User

Comment by CaptainMon Apr 11, 2024 8:59pm
83 Views
Post# 35984633

RE:RE:RE:RE:Volume on exchanges

RE:RE:RE:RE:Volume on exchanges Thanks.  Yes, very unfortunate that these escrow shares had to hit the market at a time the silver/copper is gaining in price, taking the momentum out of the stock and helping the shorts.  Absent these shares hitting the market, we would likely be trading in the $1.20s

But, Hercules is liquid enough to exhaust the sellers and bounce back soon.  

From ceo.ca mooselayer, Nisha from Hercules acknowledged the situation with escrow shares with the email below:

"
We don't have enough visibility to know how much of the current selling is due to the release of shares from escrow, but we do have a certain degree of confidence that many of those legacy shareholders continue to be supportive. The reality is our efforts are best focused on bringing in new investors, and we can’t do much to stop certain early investors, who may need liquidity, from taking profit. It does look like the selling is being well absorbed, hence the volume today.

We understand the frustration to see good volume with no upward movement in the stock price, but this can only last so long. With the catalysts ahead, its reasonable to anticipate a break to the upside once the current seller(s) are exhausted.
"
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