@albatrosss ,
I guess you have observed very well.
No one in their right mind will sell there WGX shares at these prices.
The sell side is extremely thin. The BOTS are in full action.
Has it something to do with tomorrow's RECORD Date for CASTILE SHARES.
Most miners having a decent run since yesterday, some are above 10% in 2 days. WGX has come down.
I don't know what is the reason. I believe it's good buying here at $2. I'm buying.
WGX can run very hard and fast. It's a tightly held register, so when the BIG BOYS are ready to mark it up, it happens very quick.
In late August I exited between $2.14 and $2.32. It ran upto $2.50. Since then watching it. Bought yesterday and today as well. Each time my order didn't hit the market but was executed instantly at a half pip lower than my limit price. Overall the trading action is suspicious.
I am buying comparing it with other peer miners and the price looks attractive to me.
Also the free (1 for 4) Castile shares are valued at 2%.
Then there could be some insider selling. Who knows????
What I know is that there has been a lot of cleanup inside WGX business. They have purged all the non-performing assets and invested in the good one. The time to reap benefits of those action is almost here.
We'll just have to wait and see.
(20min delay)