Canadian Juniors
Started by
SilentOne
, Nov 17 2004 02:38 PM
7 replies to this topic
#1
Posted 17 November 2004 - 02:38 PM
I thought I would start posting the odd gold junior stock. I accumulated a nice chunk of this one sub $0.50, and then picked up more on the pullback into the 60s.
Now for you great chartists out there, what do you see? Flag's up!! Or is it a pennant. Does it matter? Bollingers squeezing. Spike up was on expansion of reserves. This is a gold producer BTW.
http://bigcharts.mar...&mocktick=1.gif
Now we need some volume and some cause.
cheers,
john
Now for you great chartists out there, what do you see? Flag's up!! Or is it a pennant. Does it matter? Bollingers squeezing. Spike up was on expansion of reserves. This is a gold producer BTW.
http://bigcharts.mar...&mocktick=1.gif
Now we need some volume and some cause.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#2
Posted 18 November 2004 - 09:46 AM
Offering anounced this morning. Good price just below market.
++++++++++++++++++
Glencairn Gold Corporation (TSX:GGG) announced today that it has entered
into a bought deal agreement with a syndicate of underwriters led by
Orion Securities Inc. Under the agreement, the syndicate will purchase
13.7 million units at a price of $0.73 per unit for gross proceeds of
$10 million. Each unit will be comprised of one common share and
one-half of one common share purchase warrant. Each whole common share
purchase warrant will entitle the holder to purchase one common share at
a price of $1.25 until November 26, 2008.
The Company plans to use the net proceeds from the financing to fund
remaining capital expenditures at Bellavista, for exploration and for
general working capital.
The common shares and warrants comprising the units to be issued under
this offering will be offered by way of a short form prospectus in all
of the provinces in Canada and in the United States on a private
placement basis pursuant to an exemption from the registration
requirements of the United States Securities act of 1933, as amended.
The offering is scheduled to close on or about December 9, 2004 and is
subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including the approval of the Toronto Stock
Exchange and the securities regulatory authorities.
The securities being offered have not been, nor will be, registered
under the United States Securities Act of 1933, as amended, and may not
be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable
exemption from U.S. registration requirements. This release does not
constitute an offer for sale of securities in the United States.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#3
Posted 18 November 2004 - 10:40 AM
Thanks.
"I'd rather be vaguely right than precisely wrong." J.M.Keynes
#4
Posted 03 December 2004 - 09:23 PM
Does anyone have any idea why ggg made a sudden turn down to the 50 cent range?. Is this the usually year end tax loss or a fund getting out? Any ideas anyone. I own this baby at . 69 and thought it was a great buy then.
Personally i am still a
#5
Posted 04 December 2004 - 04:25 PM
Hi Robb,
I dumped my position this past week. The chart turned bearish and I decided to exit. I could be kicking myself on this, but having been nailed in April on the PM decline, prudence is the order of the day. Most of the junior sector has woefully underperformed in this latest rally.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#6
Posted 05 December 2004 - 07:07 AM
Thank God they have underperformed. They are not getting hit like the other miners. The bounce backs are good as well. Vgz has been building a base between 3.65 and 4.35 for awhile now. (2 years)
#7
Posted 08 December 2004 - 12:36 AM
HI Silent one,Does anyone have any idea why ggg made a sudden turn down to the 50 cent range?. Is this the usually year end tax loss or a fund getting out? Any ideas anyone. I own this baby at . 69 and thought it was a great buy then.
Personally i am still a
Well i guess the environmentalists in Coasta Rica do not like mining to much in their Jungles. Read the latest news release for GGG. Your are a smart man as the silent ones' usually are. Should of looked at the chart, they never lie. Anyway, i have no choice but to be a now. Probably a good buy at this level as this the company will prevail in the end.
#8
Posted 09 December 2004 - 06:33 AM
Hi Robb,
I don't know about who's smart, I just trade and post what I see. The idea is to share and help each other on the board is where I come from. On GGG, I still like it and I don't think you have anything to worry about over the coming years. I just don't know what is in store over the coming weeks.
There are plenty of bears about all of a sudden. That didn't take long.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain