Q: Just came across this stock a few weeks ago and would love your analysis and thoughts on this small cap miner and their recent news on a nasdaq and U.S. public offering?
Thanx as always
Gary
Thanx as always
Gary
5i Research Answer:
Please see this answer from last week.
Since then it has announced a 1.5 to 1 reverse split and an application to list and finance on Nasdaq. Pricing is not set but we would consider the move positive for getting more US investor attention. Shares have hit a new high on the news. In such cases shares often spike and then settle down, but our prior positive comments still apply here.