Institutions now coming for this baby

The OBM market action and turnovers of yesterday (April 12) are indicating to me that gold funds that missed out on the placement are already starting to come for this baby.

Over 9 million shares traded, price up 30% from a $30 million placement that was only settled a week ago!

hello …. That was definitely not retail buying.

The earliest supporters of Northern Star may also be sensing that Deja Vu feeling. (e.g. Paradice/Van Eck)

What other junior gold producer is lining up over the next 12 months with
- such an experienced management team
- extensive tenure encompassing old historic workings
- established operating plant and facilities
- such extensive higher grade underground potential
- supportive major shareholder
- debt free
- 35%+ growth in ounces forecast
- costs to substantially fall, (AISC $1750) grade to increase (~50%), profits expected to rise exponentially
- large available accumulated tax losses
- ~50% discount to replacement values
- some future corporate involvement inevitable

i would imagine this must be just the type of junior producer the best global gold fund managers would be hoping to identify early and acquire … to then just lock it away in a bottom draw for a couple of years.