Post by
JulesCorleone on Aug 18, 2016 10:27am
Smart Money Wants Big Piece of This!
Marin Katusa's fund KCR fund which is apartenship between himself, Doug Casey adn Rick Rule bought 40% of GUM prior to the three way merger announcement:
https://www.canada.com/business/cnw/release.html?rkey=20160713C3147&filter=5615
This new company has one of the most stacked boards and management teams I have ever seen. I beleive this will be on most newlsetter writers buy lists in short order inlcuding Katusa's. This thing is going to move. Get in before the buy recommenadations go out to thosuands of people!
Comment by
ELIMEOK on Aug 18, 2016 12:04pm
This is old news, and this is what was responsible for the previous boost to SP. I don't think the KCR funding will add anymore value, and keep in mind that they bought in for $0.10/share.. we're triple that now so sure it could move, but the direction might be down.
Comment by
StupidInvestor on Aug 18, 2016 4:22pm
The post-merger and consolidation financing is for $2 per share. That's a JDL-shareprice of 31 cents and GUM at 32 cents. The insiders Of merging parties are Lowell, Lukas Lundin, Katusa/Casey/Rule, McCleod-Seltzer etc. At current shareprice, GUM is a stupid attractive opportunity to take position in a "startup" by very successful names.
Comment by
NewfieGold on Aug 19, 2016 8:41am
Well no brainer here. Below valuation and well below market for merger.
Comment by
JulesCorleone on Aug 19, 2016 12:01am
We will see how much mioney they can raise. Both properties could turn out to be worth a mint and they are the best in the business. Tough to find a sub 100 million compnay with this calibre management with properties that have this much potential. Exploration will be aggressive with these guys I would think!