Geodan I talked to people about the company today. Found out that a European fund manager is selling down from around 10% ownership of the company to less than 5% because the drill results at Timmons were not as they had expected. They are still high on this stock ( because of the reputation of these guys) but are lightening up because of the situation. They are willing to come back in at anytime things start looking better. I believe there will be more testing to be done at Timmons before the end of the year. They are also aware of what is going on at rattlesnake hills and may buy back because of that (if things show promise there).
I have been buying the last few days (maybe five) and it seems there was an endless supply below .12. I have been trying to get in contact with the fund manager (through a third party) to see if he would sell me and my group the remaining shares he had to sell down. Today the third party informed me the Fund manager did not have much left to sell to get to his goal.
Today those big asks (80,000 to 220,000) under .12 were no longer there. I do not know if that was a coincidence or not but this thing may be ready to move now. The third party said he was going to talk to the fund manager this weekend or early next week so I may have more info then.
I just started telling my people about it this week so I hope it stays here a little longer before it takes off. If it does take off I am happy I was able to buy what I have.
I know I was not as excited about this one as I was some of your other picks but after doing my DD on it I decided to jump in. Thanks for the heads up on this stock hope we do well.
Thank you Thank you Thank you
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