Post by
Magnum2 on Feb 28, 2024 5:16pm
To be expected, it was trading at 4-5 cents a Month ago
ppl can still sell at some sort of positive gap here, not sure what the share price did last year etc.
Anyhow, healthy turn-over the VWAP slowly moves higher as theyb absorb more shares.
Personally if it hangs around here long enough I will add another 500K - 1 Million shares, with grades they have in the upper section start at about 13 to 14 feet deep and the deeper section not that deep either, all in mining friendly jurisdiction, just a matter of time before someone larger/JV steps in with those grades (provided they continue).
Share structure is still very tight, but they need to move this higher and start raising cash in serious amounts at serious prices or it will suffer dilution like many others, hopefully they have a serious finance dude onboard.
Perhaps someone was late to the financing and getting a helping hand to add some cheapies, either way I'm just starting to load more;)))
I'm not up on the area, but are we in trucking distance to an existing mill, if so this is no-brainer!
GLTA