OTCPK:GWAXF - Post by User
Post by
Tim2Agamion Jul 15, 2024 2:41pm
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Post# 36133399
That was then
That was then
Although it is likely that the opinion of this board that the Eight Capital "fairness opinion" of 18 June 2024 was far from fair from the getgo, it is even less so now.
On June 18, gold was trading at $2309. According to the chart of 15 July 2024, gold is now trading at $2440 with some analyst's targets set at $2500 in the near term.
Given the expontial rise in the value of the underlying GWA resource asset, the stale-dated "fairness opinion" of 15 cents becomes less and less likely to satisfy the minority (at provision iii), while increasing the Snidely Whiplash quotient of the majority. We're being Shanghai'd.
Better terms need to be offered to reflect more accurately the changing landscape.