TSX:XAU - Post Discussion
Post by
megabid on Jun 22, 2024 6:36pm
Wait and see
I would like to see some bigger volume come in down here, and the past couple of days we have seen that.
This could go lower,
Last week one day the pre market the bid/ask was .095/.095. I have limited L2 quotes and sometimes there are a few hundred shares on each side of the bid/ask, then all of a sudden some trades emerge.
I think we are seeing some. "managed" trading here.
On the positive side once the buybacks start next September they should be able to buy 4000-5000/day as the avg volume will have increased over the past 6 months.
(allowed to purchase 25% of last 6 mos daily avg trading volume)
So by next April we will have around 12.4 million shares outstanding.
If this stock has any future Roy is telling his friends and family and former associates to buy down here.
Finally, the short position should be taken out. Mene has no short position for the past year. Abxx has virtually no shorts. The shorts are pros, I hope some of this buying down here is the shorts covering their positions. Actual short positions can be higher than stated.
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