Post by
ZippyBenji on Jun 08, 2018 1:02pm
Where do we go from here????
"maiden resource expected in Q3 and a combined North Bullfrog/Mother Lode preliminary economic assessment expected in Q4"
Interesting to see if the share price is supported or if they are going to let it drift and rely on results. Most companies have no interest in the market until they need to refill the $ that they can draw on or they use the market to pump and dump. This company is different as they seem to want to keep the float close and tight. The amount of the financing seems to be a minimum, just enough to get through these 2 points. It looks like they are on course to do exactly what is needed to position the company for a take over.
Someone took the placement at $2.60/share probably with the expectation of at least doubling their money. "Strategic shareholder" hopefully means someone or some company connected to a major. Based on the low volume each day no one with significant holdings is getting out, how many companies out there are so well aligned with the interest of the shareholders? not many most are pump and dumps where the insiders are the only ones making money the rest of us are just gambling. I'm going to see this one through, potentially a unique opportunity to make some real $.
Anyone know how many oz might be in both properties, range? I read takeover prices of $120 to 150/oz.
Comment by
ZippyBenji on Jun 21, 2018 4:24pm
Well it looks like they are letting it drift as I suspected, the market drive up probably had more to do with the financing than anything else. Too bad!!!! Good to keep the share structure tight, any disclosure on who has been accumulating the stock, reports showing major holders.