Post by
shiftyone on Nov 13, 2024 7:28pm
The first time that all those shares have been offered
at 0.08. With no takers. About 700 000 shares traded today... average price 0.077. The lowest I have ever seen for this stock.
What can it be?
Could it be tax loss selling?
Persons or companies who may have bought in the last month prior to Nov 5. That bought so they would have the voting rights?
Investors who are just fed up?
Investors who are concerned the deal may go through?
Investors who are concerned the deal may not go through?
Shorters?
Some person or entity who held a lot of shares, and for whatever reason, just needs the cash now and can't wait until sunnier days? Divorce, margin call, new house...it could be anything.
Is it because the price of NEXG is down, and want a premium for taking the additional risk that comes with owning SGNL if the deal doesn't go through?
Most junior exploration gold stocks have taken a significant hit since Nov. 5 and the almost 10% drop in price of gold. But gold is still at a very high price.
It's only about a month since todays gold price was an all time high for the price of gold. So almost $2600 US gold should not be the problem.
I hope someday those speculative investors who got into bitcoin decide to sell and lock in their profits. And invest maybe in the junior gold sector. Because they are getting rich. So they will have lots to invest.
(I wish I had the guts to have invested there. Look at Elon musks Dogecoin which started as a joke. It's up 500% in a year.)
We need there money.
And it's the first time we never had buyers that would take out the 0.08 asks.
Good luck