someone just paid $22.5m cash for shares @ $5
they took the time to understand and research the projects knowing that 80% of shares will be released in less than a month and still forked out $22.5m. this is bullish to me.
we don't know who the group is, maybe they have another $22.5m waiting to buy on market when the shares are coming out of escrow.
now management have $20m+ in the bank to what they want with, balance sheet looks much better for other investors over the next couple months. they also need to spend $10m on Tanbreez which is important to keeping things moving.
bullish.
Add to My Watchlist
What is My Watchlist?
