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Here is some wishful thinking. Maybe this trading lately is someone accumulating a large position. Trying to make the stock look really weak which they have accomplished in order to accumulate.
That 9,000,000 share trade might be a cross or a prearranged trade.
Wow massive volume than closes almost on the lows. Not good
If they announce they are going to do TAU 2 than the stock should really move while drilling.
Right now we are seeing a bunch of buying at.008. Seller must be at lunch.
Somebody just put it a bid for 100,000 and it was hit and filled in seconds. Seems to be a never ending supply.
Yes not sure what to make of it but big sellers most days. 18,000,000 wow. I bought another 100,000.
Bought another 100,000 shares.
Big seller gone for the moment. Hopefully out of stock.
Yep hopefully this turns soon.
I am actually buying this pig because I like the risk reward but Im not looking at it through rose colored glasses every day.
"Over the last year, how many times have you seen 7,417,906 shares trade?"
None
Ive also watched the stock go down 75% in the last several months. 7 months I think.
Except the big orders today were on the bid. Someone was hitting the bids.
Thing is this is one of the lottery penny buys that has the possibility to go up 10-100 times over the next several years. Thats why i continue to buy it but it is trading like s....
Yep another 2 million sold just after my order. Something is happening but its mostly a big seller or sellers.
Just put buy order on the bid .007 for 100,000 shares. Filled no problem. Seems to be a never ending supply of shares.
Orca can you please post without all Capital Letters.
Yes should 50 cents in about 20 minutes.
GGI GGIFF interview with Mark Scott, Director and VP of Corporate Development for Garibaldi Resources https://t.co/v6DdIjAJRO
Maybe the big seller is done.
Hopefully they dont have to many more shares.
Seems to be never ending sellers here.
Buying more again today. Figure they have to drill this well since its mostly paid for already with insurance money.
And this opinion is based on what?
I have owned this since before it was SPSO.
Sure glad I have been accumulating GSPE the last several weeks. Im a genius. Well maybe not originally bought years ago much higher.
Thank You guys for your excellent answers.
Why do they have a 50m backlog and can these orders go elsewhere?
Buying more this morning.
Yep Im buying again today also.
GGI GGIFF From Gold Investment Letter
This is why I haven't given up on Garibaldi Resources (GGI/GGIFF)! The reason is because this E&L intrusion at Nickel Mountain is a monster, and it will need time to determine how large and rich it actually is. They are tapping into 10 different minerals in this ore body in various areas, and grades are off the charts for nickel/copper! And also quite meaningful in the gold and PGM areas as well. These "toppings" of rhodium, palladium, etc will greatly enhance production economics, on top of already top 5% nickel grades globally, when that day comes for a larger company that ends up taking this into production.
I plan to speak to Steve Regocci CEO in the coming weeks. On the ground, the technical team seems to be doing a solid job chasing this complex system down. Regarding the face of the company to the public, I give them a D-. As far as other deals that could have been done last year to maximize the share price, execution has been questionable. GGI should be a $2-3 stock in the off season, not trading under $1!
For now though, kudos on these last 9 holes from the 2019 drill season....very encouraging indeed! Late January bottom is likely in and we'll test the $1.20 area next (22 dma).
Garibaldi Drills 9.3 Meters Grading 7.2% Nickel, 3.6% Copper and 4.8 G/t Palladium-Platinum-Gold as Lower Discovery Zone Expands and Thickens to the North
GGI GGIFF Resource continues to expand
https://www.ftmig.com/company-news-releases/garibaldi-drills-9-3-meters-grading-7-2-nickel-3-6-copper-and-4-8-g-t-palladium-platinum-gold-as-lower-discovery-zone-expands-and-thickens-to-the-north/
Jeremy Hanson, Garibaldi VP-Exploration, stated: “The last nine holes of the 2019 season all hit significant intervals of nickel-copper sulphide mineralization and clearly demonstrate the increasing potential for expanding a very dynamic system at Nickel Mountain. The high-grade LDZ is open in multiple directions and is thickening to the north at the eastern margin based on drill holes EL-19-82, EL-18-24 and EL-18-16. In the central part of the LDZ, massive sulphides begin transitioning into contact style massive sulphides along the chamber wall. This means there’s a lot of space along the contact of the intrusion for high-grade massive sulphides.”
https://media.discordapp.net/attachments/595993067769561089/680419132810067974/Feb_21_2020_B.PNG?width=933&height=596
https://media.discordapp.net/attachments/595993067769561089/680419134366023696/Feb_21_2020_C.PNG?width=908&height=596
Exploratory drill hole EL-19-80, collared 50 meters east of the LDZ and drilled toward the southeast for a geophysical platform, intersected three intervals of mineralized E&L gabbro at depth, tracking the system more than 400 meters from the main chamber where the intrusion is in contact with the Hazelton Group. This opens up a large new domain for exploration in 2020 which will begin with borehole EM
I just bought some on the offer.
Relentless seller. Get your lotto tickets now. Dont know of any stock with a better risk/reward chance than this one.
GSPE has really been trading like crap.
I own a bunch of GSPE. I look at it as a lottery ticket that has a descent chance to hit and if it does you will be looking at an exponential rise in share price.
GGI GGIFF
https://www.ftmig.com/company-news-releases/garibaldi-team-adds-strategic-vale-canada-veteran-nickel-executive-mark-scott/
Respected industry insider who worked for Vale for years. Vale took over the worlds last big Nickel discovery, Voisey Bay. He would not have come on board without being positive about the resource.
Alwaysred agree with a lot of what you are saying. Have also been hearing the fear mongers talk about calapse my whole long life.
But this below is a recipe for disaster. You can not earn that kind of interest without amazing amounts of risk.
"So get your money into something that earns you 20%+ in something that earns compound interest. It is easy to get 50G to earn you 13G annually. Or 100G earns you 25G annually. If you have 300G or more saved you are set if you invest it right."
Been buying today again.
117,000 shares on the offer at .022 now. Anyone looking for stock its a good time.