RE:RE:RE:RE:HelloNo, there is definitely no good news next week. Most of that volume was me adding to my position. Question is who was doing all that selling at US$15-17 cents ? I would have preferred to buy a different miner so as to diversify, but cant seem to find another miner producing 50koz/yr for US$15 million market cap at US$1000/oz margins at current gold price.
It seems this company is still unknown, one of the reasons for this could be that they are not selling shares via PP.
Last PP was for C$15 millon at C$1.35 and no warrants: No share dilution at low prices since IPO. Last PP was for C$15 millon at C$1.35 and no warrants just prior to the IPO: https://www.cerradogold.com/news/cerrado-gold-closes-private-placement-of-c15-million/ Downside is that you don't have the usual suspects with cheap PP shares and warrants pumping the stock to generate liquidity to unload at high prices.