Post by
RockLobster1 on Aug 26, 2015 9:36am
20:1 consolidation
I am holding, but do you think we will do the usual drop upon consolidation? I have seen it in quality names like NMI... seems people stop buying or something...
We should open around 1.40 a share... I will look to add if we get a drop to $1 if that is possible, which is it with falling gold during this crisis.
Tempted to sell now and buy back almost...
Comment by
Method on Aug 26, 2015 10:06am
Its tough to game for sure. Cormark apparently initiated with a spec buy today with a $3.50 target.
Comment by
RockLobster1 on Aug 26, 2015 10:25am
thats a great target... 17.5 cents from 6.5 now on OBM. But as we know, analysts are horrible in general, pick targets with darts I assume. everything still trading... EAG dropped to 57 cents! some stink bids getting filled. OBM is bid at 6 cents.
Comment by
tomgranite on Aug 26, 2015 10:52am
Looks to me like someone is trying to keep the price low in the hope that people will sell their shares as soon as New Oban starts trading. $65mil in cash = $1.38 per share. The properties should add more value so I won't sell any under $1.60. Some Eagle Hill investors with warrants might bail out at any price.
Comment by
tomgranite on Aug 26, 2015 12:11pm
Obviously I meant that EAG holders will sell their New Oban shares when trading starts and then hold on to their warrants. Selling any of the companies involved at a discount to Oban does not make sense. Maybe there are people out there who do not understand what is going on. I wonder if there will be much institutional buying of New Oban?
Comment by
RockLobster1 on Aug 26, 2015 12:29pm
yes I read that quickly... hopefully we can get some more coverage of OBM and some institutions involved. Certainly is much greater than its parts, cash and property and good mgmt and Osisko involved... We just need gold to go up... not sure when that will happen.