Post by
Oilminerdeluxe on Nov 12, 2021 8:09am
Funds buying?
A question. Are there bigger mutual funds out there who can't own mining companies unless they have an NI43-101? I figure if that is the case, then perhaps we will see immense buying after that report is released as their wait is over?
Comment by
KozmoT on Nov 12, 2021 11:23am
There are a number of factors that prevent the bigger "institutions" from investing in certain smaller more speculative stocks. Many (most? all?) can't invest unless a company is listed on the TSX as opposed to the Venture Exchange. Would be interested to know if GBR is even considering an upgrade to a TSX listing.
Comment by
peschenlo on Nov 12, 2021 12:03pm
from my understanding no (MRE) NI43-101 until beginning of next year. that would mean strong surge beyond CAD 25-30 or more depending on ounces delivered. still we could see CAD 23 until xmas depending on gold/siver prices
Comment by
Bangor on Nov 12, 2021 1:28pm
We must be due the last batch of assays on the LP fault zone . Anyone any info ?
Comment by
KozmoT on Nov 12, 2021 1:47pm
It almost doesn't matter what the MRE contains when it comes out, its THAT it comes out that will allow bigger entities/institutuions to invest in it that may have been barred by professional protocols and due diligence requirements.