You're forgetting one thing. This deal won't be done until next spring, so the fact that the price isn't at 11.60 doesn't mean market doubts it will go through, it simply means people think they can invest in other things that will yield a better return between now and then.
That's not really true and you know it. Many companies issue new shares to raise capital so they can expand (and you know that). It's not a "mickey" move, whatever that means. Having said that, I do think the price of GPL won't move above $1.60 for a long time while other miners will continue to go up
The number of shares outstanding in April was 141 million, and now it's 143 million. That tells me the company still has 14 million shares to sell at $1.60, and that the price of the stock isn't going to move for a long time.
Based on what? And please, don't skimp on the details. I really want to know how you figure this stock will go to $3 this week.
I think $2 on Monday is pure fiction. With 16 million shares waiting to be sold at $1.60, I don't see GPL moving north of that for a while.
That doesn't really make sense, though, Who would put $20 million into a company that's in "desperation mode"?
oh, and by the way, please please vote me down. I love it when people vote down FACTS
you realize that EXK hit 4.28 on April 29th, and that silver is up $2 since then, and the vast majority of other miners are up as much as 50% since, right? Or don't actual facts matter to you?
Avg daily volume of 34,000 for a stock that's only worth $1?? That sounds mighty risky. There are much safer ways to play rising silver prices.
Why is he an idiot? Price of EXK on April 19th $3.82, price now $4.07, that's a 6% increase. The price of silver over that same period is up by 16%, which should translate into a much bigger gain in the stock price of a miner (AG up 50%, PAAS up 24%, CDE up 52%, HL up 41%). You can call him all the names you want and vote his comments (or mine, for that matter) down, it doesn't change the facts. It's your money. Stop trading with your emotions and trade with your mind.
do you have a more reasonable explanation, or ANY explanation for why the prices of these two companies' shares have been in a sideways pattern when pretty much every other miner has gone up over the last two months? Anything at all...
Interesting stuff, thanks for replying. You can actually be quite reasonable when you want to! I will agree that there's been something off about the prices of both EXK and GPL for the past few weeks, with both of them peaking on April 29 and then pulling back and basically ignoring further (and substantial!) increases in the price of silver. What you say makes sense.
So who is actually suppressing which price and how? I can understand why EXK would want to suppress the price of GPL (but how would EXK do that?). But why is the price of EXK being suppressed? (and again, who and how?)
Interesting... I sold GPL a while back in the 1.80s. I have some spare cash in my account not doing anything useful. I might buy back in.
Only a handful? PAAS, AG, SSRI, CDE, NEM, ABX, SLW, FSM, MAG... Pretty much all the major miners are at 52-week highs. Why EXK isn't is beyond me, but it doesn't matter, I've moved on to greener pastures.