Baiyin is a Chinese government-funded institute which is dedicated to invest in gold around the world. Baiyin agreed invest $98.5M into BAA and supposed to close in Jan. Due to the deal still not closed yet, some people start doubt and dump because we had the bad Gold Holding deal experience about one year ago. But some people don't know why the Baiyin deal not close yet. Usually, the month before the Chinese New Year, the work efficiency is low, some people already in vacation, next week they return to work. So the deal will be closed next week, I think.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.