Post by
templetooth2 on Aug 11, 2023 12:32pm
Just averaged down
My buying some more stock probably means the company will pull the trigger on their US$50 million financing this afternoon, Tuesday at latest.
I was following the lead of director Kenneth Pickering who bot 25,000 @ $1.85 recently. You wouldn't expect an insider to buy, even a little, if he thought the hammer was imminent and a new financing was about to hit at much lower prices. Wrong, again!!!
Frustrating stock.
Comment by
JCSunsfan on Aug 11, 2023 1:13pm
Its that infernal permit. It is driving me nuts. It just complicates the entire investing process with this company.
Comment by
nofluff on Aug 12, 2023 1:25pm
The good news is that they have not denied the permit. I have concluded that upon permit, sp will not move much. It will take higher copper and flor production to move the dial. There will b a 50% chance that I am possibly slightly wrong:)) nf
Comment by
JCSunsfan on Aug 13, 2023 12:07am
I think there is a 53.5% chance you are wrong.
Comment by
JCSunsfan on Aug 13, 2023 12:11am
It is good news that the permit has not been denied. I do think that there are many investors waiting for that news before they jump in, especially institutions. however this company has a way of quenching enthusiasm. Financing, at the market placements etc. plus China is throwing a wet rag on the market. China is in deflation now. it's always something.