Bullboard - Stock Discussion Forum Golden Valley Mines Ltd GLVMF

Metals & Mining Industrial Metals & Minerals

Golden Valley Mines Ltd identifies, acquires and develops exploration and evaluation minerals in Canada as well as acquiring royalties. Its exploration properties are located in the Abitibi Greenstone Belt (AGB) (Ontario and Quebec); the James Bay, Mistassini and Otish regions of northern Quebec; the Nunavik (Ungava and Labrador) region of northern Quebec; the Athabasca Basin of Saskatchewan... see more

Add To Watchlist

OTCQX:GLVMF - Post Discussion

Golden Valley Mines Ltd > OVERHANG

View:

Post by liquorc on Sep 10, 2017 7:46am

OVERHANG

Very weird trading in the past few months. Share price elevated to 49 cents reflecting Rzz, then it collapsed. Seems that a large sellers is bailing out because of finacial problems; could it be Lee. Share price is undervalued by 50% based on holdings of Rzz. Once the overhang is absorbed share price will move into the upper 30's. JMHO

157

Comment

Comment by blueray on Sep 10, 2017 10:06am

the Canadian Jr market is as crooked as ever. Since the majority of US shareholders have their RZZ or GZZ shares in the street name and a US broker (like Charles Schwab) uses a Canadian broker to sell or buy Canadian shares many Canadian brokers are willing to toss 100 share lots at the bid (cubicle to cubicle trading) with shares they don't own. More than a few times this year I have seen ...more

144

Comment

Golden Valley Mines Ltd