Post by
TheNextBigThing on Mar 11, 2024 11:49am
Just thinking out loud
Just my opinion as I haven't talked with Tom. If the stock price can settle around .15-.17, I wouldn't be surprised to see a flow through raise at 0.20. Nothing major, maybe $1-1.5M, but it could be more as I'm sure there's lots of interest. This would give them breathing room for geophysics and a few drill holes, and hopefully we'll see some warrants exercised throughout the year. Just my opinion, and it would reduce selling pressure later this year as the market would anticipate a raise to to fund this.
Comment by
woundedknee on Mar 11, 2024 12:01pm
I wonder also about the cancelled consolidation, if at some point is this going to be revived, or just outright cancelled.
Comment by
Skidoonation on Mar 11, 2024 12:16pm
Tom never mentioned anything about consolidation. It was cancelled and put to bed a while ago. Don't believe he is worried about the share count with all that is about to happen this drilling season. iMO.
Comment by
Moemoney42 on Mar 11, 2024 1:40pm
I'm looking for a close to that gap up to $.165 and hold there.. could be a bit of resistance from there to the $.185 level.. then after that, $.21 is in sight before any substancial resistance.. ;-)
Comment by
TAATInvestor10 on Mar 11, 2024 9:11pm
Adding more BAY! Expecting 0.20 CAD for drill start STORM