Thanks 23,
This post is not in response to 23, just general commentary. For the record, have never sold a share of this stock, and do have dry powder when we find a floor, didn't want people to misinterpret prior post where I mentioned "buying in again". Did have a big order in for $0.18 yesterday to top up, never hit. I also respect people's decisions to opt out for now based on:
1. Political risk (IMO: how can Greenland afford not to support this project, their economy is bleeding cash and dependent on Denmark)
2. Uncertainty on capital raising and the potential for dilution, (IMO: I don't have any doubts that GGG can raise capital, look at the assets they have, again MASSIVE if unlocked, and whether its dilutive or not, I don't think management is going to sign up a deal that never allows management to get the stock above $.30...that is where they struck the mgt equity....just think about it.
3. How much lower can you buy in for, understood if you don't have $ to invest, but if you have any level of patient capital, should you wait???
4. RIMBAL, this is the piece that I'm most curious about. Rimbal has a HUGE share overhang. I don't know their motives, but who cares, they are sellers, it doesn't matter why.... they are selling at all price levels and at a regular frequency.
I went back and looked at all the Rimbal sales from only this last release. Here are a few interesting notes from my math (feel free to correct me): the highest price they sold at was $.305, the lowest $.20, and the big block 2MM shares was at $.26 (this one made me feel better as they sold lower than this on multiple days before and after this sale). My bet is their instructions to the trader are a floor is $.20. as long as they keep liquidating, the stock could feel pressure.
THIS ENTIRE POST IS IMO ONLY. I am long and staying that way.
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Thanks 23,This post is not in response to 23, just general...
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $32.40M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $18.36K | 786.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 321444 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 165012 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 321444 | 0.023 |
2 | 398182 | 0.022 |
3 | 523195 | 0.021 |
6 | 410777 | 0.020 |
4 | 1378022 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 165012 | 5 |
0.025 | 614000 | 3 |
0.026 | 1906623 | 2 |
0.027 | 1245105 | 4 |
0.028 | 1090403 | 2 |
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