considering the underwriters "underwrote" just under $15m worth of shares... even if the $5m trade yesterday was them... pretty confident there is more to go... just looking back and I cannot see how the brokers were paid for the raise - if it was cash, no biggie... if it was in scrip - there is even more to be offloaded.
IMO - we have a price ceiling in place for a while yet.
GNX Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
