Post by
nozzpack on Dec 08, 2020 11:54am
Clearing out the deadwood
TD crossed nearly 1.2 m to Canacord this am.
Market depth now looks its ready for a major move up the charts..
Comment by
Overertune on Dec 08, 2020 12:05pm
News always leaks with this company. Let's wait and see what is behind today's SP move.
Comment by
smxmcx2 on Dec 08, 2020 2:14pm
I agree about this company always leaking news. Maybe they are planning to drill another well in the deep. :)
Comment by
Overertune on Dec 08, 2020 2:37pm
That doesn't sound good news. No I don't think so. My guess is they are close to a deal to buy another company with immediate cash flow and good assets. I don't think they want to drill the three wells on their own. No budget for it and too risky. They are still looking for partners, which could happen later when energy bull market returns.
Comment by
firstworld on Dec 09, 2020 12:28am
Haha will always happen until they start jailing until trial all insider trading and corruption...as it is midaswell be Mogadishu.
Comment by
RockLobster1 on Dec 08, 2020 2:21pm
so canaccord gets dropped... and the first thing they do is buy 1.2m in a cross.... interesting. Maybe they are now allowed to buy as much as they want. definitely feel like the wheels are in motion for somthing...
Comment by
cyber37 on Dec 08, 2020 2:55pm
Perhaps this share transfer was part of some conditions related to termination of service contract. I would not read too much into it. But I also think VLE is on the move with some new plan ....even if we don't know about it yet. G37
Comment by
nozzpack on Dec 08, 2020 5:35pm
Cash is always discounted in the market cap. By itself, it earns no ROC. Invested, it will deliver that ROC. I bought HWX just above its cash level. It closed today at $2.12 which is a solid double for me and I see more gains ahead. My call here is $1.25 to $1.50 once the deal is made and its metrics become comfortably known.