OTCQX:MRVFF - Post by User
Comment by
mack2000on May 23, 2002 8:47pm
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Post# 5141564
RE: SH%$
RE: SH%$this is the worst performing GOLD stock in the last 3 mnths . why ????
i think its about to issue more shares to buy a producing property. why ?? not sure but its the only thing i could think of. if they issue shares normallly the stock goes down or at least nowhere for a while .this , a lower stock price to buy another company is good for the other company but not good for us . take a look at glamis gold. they buy francisco when there stock price was cheap. at 7 this is so that the investors of fcx would accept glg paper cause its still cheap. if glamis was at 14 it would be harder to convieve fcx shareholders that its a great deal to accept our paper.
so i believe that nri stock is being held down cheap to make sure that the other companys shareholders will accept our paper cause they think its a great buy which it is.
now after the buy nri may go down a bit but then it will explode just like glg did after it bought francisco. it went from 7 to 14 plus after they issused shares to buy .
now i believe nova may be setting something like this up . keep the price down to attract the other companys shareholders than bammmm a quick double to prove this is a great deal
only in bull markets does this work and its a bull market in gold casue glg doubles after they dilute thier shares ??
so thats my theory . other than that i have no logicical eplanation as why nova is the worst performing GOLD stock the last 3 mnths while gold is going balastic