Gold Flora Corp (GRAM)

[kahlua]

It was a very good close but volume was light. The big question is just how many institutional shares from the original spac buyers are still to be queued up for sale in coming weeks, which is why I say retail is completely in the dark and oftentimes at a disadvantage with despacs. Early institutional buyers get to ride those free warrants for 5 years, so why hold commons and keep your capital tied up and at risk to potentially many quarters of operational growing pains when you can just do the long term capital lite holding approach with the warrants. That’s the theory I’m sticking with for now until the buying pattern changes. If heavy volume spike buying overwhelms the sellers next week and all these short term resistance areas are broken , especially the key resistance in that 13.60 - 13.80 area, then it could be game on.. all imo.