Post by
Shermandrock1 on Feb 25, 2020 12:00pm
Hey Wineaux: Good information on Blackrock et al selling
That said, someone(s) purchased those shares. Was it retail investors? Not sure, is there sufficient retail demand to absorb all of these shares? Strong hands covertly entering? Who knows.....all that we do know is that someone purchased all of the shares puked by Blackrock et al. Did Blackrock conduct themselves in such a manner so as to minimize their losses? Was it done to drive the price to a point where one of their affiliates could pick up the entire for a song and a dance or two? Time will tell. Curious that the folks at TMAC are ignoring 25% of the share base. On another matter, some of the good folks here have provided production projections that will eventually turn into cash flow. Some of these projections, combined with the cash on hand will come close to satisfying the cash needed for the sealift. Keep in mind that cash requirements will likely be $10M lower as equipment for the additional shift were included on the last sealift. Yep, everything looking up but the share price.
Comment by
snowshoedb on Feb 26, 2020 10:26am
we can't ignore stock sentiment. Investors (retail & institutional) have been failed by mgmt for a 2 yr period. Every time a glimmer of hope has been offered by mgmt... they failed. Investors have lost confidence.
Comment by
miscstuff on Feb 26, 2020 10:47am
With that screwed up logic I guess you think it would be bad news if they started to buy. (All those other investors with inside knowledge quietly dumping their positions.)
Comment by
Toweringmars on Feb 26, 2020 10:59am
This thing has gone to the dogs... They desperatly need to put out a release. Ether inform the market of whats going on internally (As this nosedive would suggest people in the know have let the word out) or announce that there is no material change... This is one of the few miners that has fallen off a cliff while gold is running...