The ticker is NXG Ron. Whats this Gold WHeaton GF???
VERY important day today with PPI coming out and we're sitting in the 12,200's where a strong sell-off or strong rally could occur. JMO
As for POG, I'm hoping for one last test of the $860's then our ride over $900!!!!!
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Its the merger of Kadywood Capital and FNX Minerals, which will be called Gold Wheaton and follow the Silver Wheaton business model of buying the gold by-product from base metal producers. Its an extremely exciting concept and they are getting all kinds of buzz and Kadywoods share price has taken off. However, there will be a capital raising and IMO a much cheaper entry point if you're patient.
http://www.nationalpost.com/story.html?id=586545
As for Northgate, I've been watching that stock for a very long time and have been trying to acquire some Dec $2.50 calls through stink bids for several weeks. There has been virtually no volume whatsoever and when I say no, I mean many days with absoulutely no transactions. Yesterday however, over 4300 calls were traded and 400+ so far this morning. 400 would be a strong week for this one. It also seems to just be the Dec $2.50 calls that have seen the spike and the share price isn't moving.
I do know they recently filed a shelf prospectus / raised some capital and are looking at acqusitions, but I wouldn't think it would spur this level of call buying. I have no idea what may be going on, but I can definitely say its extremely unusual. Anyone care to speculate?
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