Post by
NineLives on Jul 19, 2023 12:15am
Wasn’t surprised
Just had to watch their cash flow and the holding pattern at $3. Not hard to predict it would have to come eventually.
Now it all depends what plans they have for this injection and whether they'll be upping production, yes on a limited basis, but all and any increase in Gold sales helps the exploration budget.
Hear it's pretty hot down there at the moment, not the best place to work with this heat dome in place.
Comment by
johnathamilton on Jul 19, 2023 12:44pm
Taylor Dart says its a clean deal i.e. no overhang from warrants. Continues to see it as a top-3 developer with a path to significantly higher valuation if it can execute successfully, and is comfy owning this name. Not going to say any more since this is from his private newsletter, which anyone can subscribe to. I may buy more since I am still (just) above water at this price.
Comment by
NineLives on Jul 19, 2023 1:48pm
Yes but like all these deals, you get shares cheaper at $2.70 so you short it like hell when it's higher and pocket the difference. These placements are the worst kept secrets. Explains the growing short positions even after good news was released. Ho hum. It will probably settle around the placement level before future news dictates it's direction.
Comment by
Consvestor on Jul 19, 2023 4:48pm
Gotta keep paying those highly inflated executive compensation packages......