Post by
kojack1 on Aug 17, 2021 10:46am
Quiet
Stock slowly drifting lower and lower, no news, hopefully hear something soon or we may see .80 cents area soon. Someone mentioned a takeover, which I think is unlikely, but in a takeover a junior don't companies use a 90 day average and add couple percent premium, not good for us. Good for management who received a lot of shares for nothing and a future job.
Comment by
deepthinker63 on Aug 17, 2021 11:03am
Takeover would be ill-advised. I do wish they had enough money for 2022. Very important that Funk keep drill results away from prying eyes.
Comment by
deepthinker63 on Aug 17, 2021 4:13pm
Got to 81 cents. Pretty close to your target. Light volume. Easy short in this environment. Hard to say how low it goes, but I'm not a trader, so I'll add here and there.
Comment by
kojack1 on Aug 19, 2021 12:19pm
It's amazing what light volumes can do to stock.
Comment by
Ungawatcher on Aug 19, 2021 3:56pm
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Comment by
kojack1 on Aug 20, 2021 1:40pm
They probably can wait as I can see this dropping more as gold prices slide and crypto gets a foot hold, even if drill results are spectacular we're not going to 2 bucks anytime soon, someone wants to keep this down. We'll see in September.
Comment by
Ungawatcher on Aug 20, 2021 2:26pm
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Comment by
kojack1 on Aug 20, 2021 6:00pm
Management can dilute this stock pretty quickly by offering a public offering at low price or giving people like Sprott hell of deal to get more shares and the insiders will scoop millions and bring down their average cost, Unforunately I can see us going up to 300 million shares in the future and another consilidation to weed out people like me and you.
Comment by
deepthinker63 on Aug 20, 2021 7:56pm
I think they should wait for the market to turn a bit, put out good results (fingers crossed), and then do a reasonable offering. Their Alaska drill season is over for now, they've got enough $ for some work in Mexico. Gives them a few more months. I know Sprott guy was on Unga recently, but there are so many cheap juniors at the moment.
Comment by
Ungawatcher on Aug 21, 2021 1:40am
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Comment by
deepthinker63 on Aug 21, 2021 9:23am
I think this talk of building a mine is a bit too ambitious. I think they should just stick to the plan of finding 1 million oz. first.