RE:RE:Lost moneyMTZORFAS,
It is certainly disheartening to see the price action and most likely Significant Wash trading that is going on I am sure this is all computerized stuff
A lot of share holders are disappointed. Challenge is having a large position to sell...and you hold in hopes of a 3-4 dollar buyout.
I would put all my shares up at 3 bucks..but CIBC won't let you do that "easily"..too far above current bid and ask. So the shorters can get at them unless you put them up 200% over market...that is CIBC's rule I just talked on the phone to them. I am going to try it! and see!!. I have PRB in 7 accounts...so I will let you know when i put them up/
I watched the Gamestop movie and it reminded me that if people organize... they can win!
A real life example other than gamestop is when I was a kid and Canada post would go on strike around early November. Always got what they wanted ! ....... Or little Johnny wouldn't get his Christmas present.
So if everyone puts up there shares at 3 bucks and no one sells....we would get what we want!! Absolutely guaranteed.
Wash Traders make pennies but it's done on volume. Honestly, PRB is getting long in the tooth but Dave P can't control the markets so what he is really doing is :
- Purchase of AGE
- Increasing Au significantly 700,000 ounce M & I to close to 8 million M & I
- Kept the treasury at 25 million
- Documented and pursued mining permits for about 32,000 tons per day
- New Tax rules will prevent flow through....new mining investment rules on the Horizon Dave P can get financing as required.
- Kept float to under 200 million o/s shares
- Safe mining jurisdiction
- All permitting is concise and done for now.
- Minimized risk for everyone by proving up ounces.
- Lighlty Pursuing Detour but it looks good !
Process is process after all it's a Trudeau government spend but don't support logical business.
What shareholders can do ! Well for one :
- Stop selling!! put your shares up 200% above ask...( wash traders won't know what hit them )
- I will let you know when i do this !
Organize and stay organized...kind of like being special forces.
CIBC told me 200 % Maximum...so they will honor that !
Do it !
GLTA
"you bring the shovel, I'll bring the lime"