Nice one GB - specifically from this feed this reads nice
‘Canadian miner Teck Resources (TECKb.TO), opens new tab, which produces germanium as a byproduct at its Red Dog zinc mine in Alaska and is the only supplier of the metal in North America, told Reuters it was studying whether to boost output of the critical material there now that China has blocked exports to the United States’
Jolli - I think they rapidly pulled this together upon receipt of the China news at 0.12 to 0.14p
I appreciate less than 48 hours would have been tricky but I believe possible - I just don’t think there would have been an appetite to do or support this at a slight premium before the China news - but only my guess
Haha Yes I get that Jolli but it if it wasn’t for the China news on the 4th December there was no reason for the 2 RNS releases (without the news) to make any difference to the SP - let alone the time to pull it all together yesterday
Conscience or no conscience the placing was done on the 4th December when the sp was 0.12 to 0.14p IMO - which we can all make of as we wish
The more I think about it - the placing had to be getting called up on or before the 4th December Germanium update 0.12 to 0.14p - can’t see how they could have pulled this together so quickly yesterday, or really wanted it to be seen as the dirty pump and place as it is currently, that said it may just be the case that the board simply has no Conscience ?
But presuming the latter the placees firstly would have had no knowledge the stock was going to spike so high (only hope) providing the chance to dump the rise (to fund) therefore would have had to be absolutely convinced it was going to be going up anyway for other reasons - so maybe an approach has already been made ?
Yes the board have made their intents very clear - they’ve no longer any real interest in developing this asset - just selling it to the highest bidder or JV who will no doubt start presenting themselves over the next few weeks
I don’t hold much regard for China in any aspects - but extremely grateful they’ve made this company at least 10 times as valuable as it was yesterday !
Mms still short of shares despite all the shakes offering way above bid for quantity - have to be dumb to short this stock with the current situation maybe they coming to their senses ?
All the dips getting bought volume is key here - folks have their minds set on the gold - £3 to £8 bil worth for £5 mil mcap - it’s not a pipe dream it exists and will be mined - whether ORCP decide to cash in their 20% for a derisory amount example £100 mil remains to be revealed - I have a feeling they will to advance other projects