Post by
drunk@noon on Mar 30, 2024 5:16pm
tobinator:technically speaking you might want to add
the fact the 50 just crossed over the 200. And on high volume the last couple of days, the former being the day of the G-cross and yesterday being heavy volume the follow up. My major fear, and may be a reason for the short interest, would be if the company did something dilutive in the from of a capital raise. I just got killed when CXB did a 100 mill PP which torpedeod their stock, left them stranded at $1.68, when they would've been over $2 by now. Like ARIS they have a cashcow mine that was supposed to fund their newly aquired newfoundland property. By-wap-just like that 100 mill PP at, needless to say, a price lower than current shareprice and of coust leaving it stranded their just as gold roared over the all important $2100 range- sacrificing current shareholders to ensure the investment banks would be able to use the historic jump in gold price to sell the placement. Hopefully the same doesn't happen here.