Post by
arh0070 on Feb 15, 2018 3:15pm
gzz
The answer is self evident there has been more sellers than buyers .There has been very little insider trading ,neither selling nor buying .Last year Jimmy lee bought a lot of shares ,not this year apart from option conversions .A lot of small miners are stuck in a rut despite the price of gold rising .The only solution for gzz which I have mentioned before is for Abitibi to sell some of its agnico or Yamana stock and buy back equal portions of shares from the market and gzz ,in this way gzz would retain control .The money could then be used to buy back gzz shares .since gzz is trading well below its asset value this would rapidly cause the share price to rise ,seems like a no brainer to me .There has not been much dilution so that is not the cause .Just the conversion of some options by Jimmy Lee .