The Venture’s “market within a market” points to some individual big movers over the coming days and weeks…
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Hi Jon, A few months back you mentioned a couple of stocks – Fancamp Exploration (FNC) and Canada Rare Earth (LL). Just wondering if you had any updates or heard anything new lately about either company. Thanks!
Comment by Donnelly7 — April 8, 2018 @ 1:38 pm
Ggi measured fib resistance 6.85 ,sweet. Each recent upturn in last few winter months has been 50%.+
How soon will drilling etc begin?
Comment by donald — April 8, 2018 @ 5:28 pm
I looked back at sprott buying of Ggi prices . Dec 2017 around 1.85 m shares between 2.35 and the 3.15 pp.
2018 maybe another 3 m shares including this 1 m share private sale @ 2.50 , the balance between 2.40 and 3.15.
Sprott is either a genius or stupid . 17 m shares now valued around 2.70 as of Friday + his 4 m warrants. It’s too much money to toy with even if a billionaire.
We are lucky to have him help backstop the share price .
If it crosses 5.00 it’s a whole new ball game not just for valuation but also for fund purchase criteria and marginability
Comment by donald — April 8, 2018 @ 6:09 pm
Eagle Plains is Spinning-Out Taiga Gold Corp.
Get 1 Taiga Gold for every 2 Eagle Plains when you’re an Eagle Plains shareholder of record on April 12th
https://mailchi.mp/articles.stockwatch.com/final-deadline-quickly-approaching-to-receive-eagle-plains-spin-out-shares-of-taiga-gold-corp?e=054005635f
Comment by robtr31 — April 8, 2018 @ 6:52 pm
Jon
Is there a Sunday sizzler tonite?
Comment by Gregh — April 8, 2018 @ 10:34 pm
Yes, Gregh, busy day but posting within the hour by about 11:30 pm Pacific.
Comment by Jon - BMR — April 8, 2018 @ 10:53 pm
Thanks Jon
Was wondering if I should stay up any longer lol
Comment by Gregh — April 8, 2018 @ 10:55 pm
Hi Donald,
By controlling 20% of GGI shares Eric Sprott is positioning himself to fend off the competition in the event of a takeover attempt by another billionaire whale or a major company. IF GGI drills out a major deposit ES wants to be in the drivers seat.
Speaking of a major taking a position in GGI, don’t discount that major being Kirkland Lake Gold where ES is the majority shareholder. ES did the same with Novo Resources by acquiring a massive personal position in the company and then having Kirkland Lake Gold also make a massive investment in Novo. As a result of these moves, ES controls directly and indirectly (thru KL) over 35 % of Novo. If Novo does indeed turn out to be the greatest gold find in history no one is going to take Novo away from ES.
Same thing to play out here with GGI? I think so.
I give Sprott the genius label.
Subscriber John
Comment by John — April 8, 2018 @ 11:21 pm
That is Friedlands playbook on Voiseys Bay. RF took early speculative position in VB then when e 2nd hole hit massive sulfides, the rest was history. Final SP, 104 dollars,before splitting.
Comment by donald — April 9, 2018 @ 4:42 am
Current target price for GGI?
Comment by DavidW — April 9, 2018 @ 8:06 am