Post by
Supertweety on Feb 28, 2023 9:49am
I think a very big announcement is coming.
Not anything anybody is expecting like a regular bank financing deal or local permits being approved. But something a lot bigger. Management has been very quiet probably because of all the nondisclosure agreements. Management and company employees have also been very quiet on the purchasing or selling of GENM stock. Probably because the big deal or big announcement crosses over to the "insider trading" area if any of them were to trade GENM stock before the announcement is made public. What are your thoughts fellow investors?
Comment by
LEV8ME on Feb 28, 2023 10:05am
I wish you or I could say we know a big announcement is coming!!! Would be nice to hear something very soon!!!
Comment by
bargnhillbilly on Feb 28, 2023 6:12pm
That makes sense. Really nice to see good volume and the price on the rise! Yeah, I can see the not sleeping! I was looking at Barrick Gold today $16.00 and some change right now.Barricks low was around $13.00 for the year. Barricks CEO is suppose to be a really good one. Say 1 share of Barrick for 4 of ours. Barrick also has a decent divy I'd be happy with that!.
Comment by
AGTCTTWW on Feb 28, 2023 6:54pm
Bold call, Bargain. Barrick is indeed paying 2.5% dividends these days. Let's visit this again when GENM TSX daily volume is 500k+ for 5 straight days without an announcement. Only 22 trading days to Friday, March 31.
Comment by
Rainyday on Mar 01, 2023 10:23am
Barrick could easily be a suitor for GENM. They are in excellent financial shape and are keen to increase their copper production. As of Dec 31 they had over $4 billion in cash and their long-term debt is mostly due in the 2030's. They could easily cut a cheque to buy out GENM but if they chose to issue shares to GENM shareholders I'd be happy to keep the ABX shares as a long-term hold.