Gold Canyon closed@0,295 Friday. That’s around 50 % more than the self-proclaimed “mining investor experts” Gecko Research sold for a couple of weeks ago.
Since the PR by First Mining stated that “shareholders of Gold Canyon will receive one common share of First Mining for each Gold Canyon share held in addition to shares in a newly formed Spin-out company” and the share price of First Mining was 35 cents before the deal and is 41,5 cents as of this writing, it seems like quite a stupid move. Yes, the share price took short dive the same day the deal was announced but recovered quickly. I wrote about that in a previous post (Swedish, use Google Translate).
So why did Gecko sell?
- They’ve been pumping the hell out the stock since they bought between 17-20 cents.
- They didn’t sell and didn’t’ recommend any of their subscribers/readers to sell when the share price was over 30 cents in April.
- They didn’t recommend any of their subscribers/readers to buy when the share price was ~11 cent during the weeks before the buyout.
How is that “Usain Bolt-stock” doing by the way? You know the one they bought a zillion times at sky high prices and pumped the shit out of to all their readers when the share price was around 80 cents.
Oh, 6 cents, wow, I mean really, holy cow, 6 cents? No, can’t be, what the fuck, 6 cents, are you kidding me? Jesus man, 6 cents, and they recommended it at 80 cents, are you serious? Who the fuck are these scumbags? 6 CENTS???????????????????????
I’ve said it many times – stay of out Gecko.