madness, page-6

not sure what is happening but lets look at it this way:
Director recently brough @ 49 cents
The rights issue was heavily subscribe mid year @ 50 cents
SP currently langusihing in the high 40's

MBN, IGO, MCR, AGM, SMY, JBM all recovered from the hiding in August.

With the recent consolidation of Nickel miners we should see that GME is at or nearing bottom.

There is some speculations:
-SP is intentionally kept down to ensure that VWAP is low and as a result a mediocre offer to T/O might suffice.
-the recently issue shares to acquire some tenements, the owner might be offloading some of the shares to mitigate some risk.
-No new information and low Ni price also had an effect on SP.

In recent times the SP has run in a very similar fashion to that of AGM, either way the next activity report is due in January so we should see some SP recovery before the announcement.

Still a long time to production unless they find a backer, IMO MRE provides the best logical synergies, and wouldn't be surprise that a bid might come as Ni price is expected to recover in the next quarter.

GL all

Also holding:
ADA