That is remarkable. In the years I have been trading, I do not think I have ever seen that before.
Not my first time seeing this action on these types of offerings regardless of the price of gold.. Will be close to $10.75 soon if history repeats what ive seen in the past...
Unfortunately, the deal was acted as a turbo boost to the downside even when gold was stable. That downward momentum accelerated as gold began to fall. It was, unfortunately, the perfect downside storm.
investors have decided that as gold price falls, gold miners are a levered play on the price of gold, yet when gold rises, goldminers are unlevered play on price of gold
Huh? Everyone already knows the pog moves gold stocks. I am talking financing. Dundee and friends got a discount at 10.75. And then the stock drops a now 35% in just 17 days?!? Never seen it.