Loading ...Nighthawk + 20%
TORONTO, May 16, 2019 /CNW/ – Nighthawk Gold Corp. (“Nighthawk” or the “Company“) is pleased to announce that it has agreed with the syndicate of underwriters, co-led by PI Financial Corp and BMO Capital Markets Canada Ltd., including Haywood Securities Inc. (the “Underwriters“), to increase the size of the bought deal private placement (the “Offering“), as previously announced on May 15, 2019. Due to the high level of interest, the Underwriters have increased the size of the Offering to $11 million for a total purchase of 12,500,000 flow-through common shares (the “FT Shares“) and 12,100,000 charity flow-through common shares (the “Charity FT Shares“), which the FT Shares and Charity FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).
In addition, the underwriters’ option, to cover over-allotments, exercisable in whole or in part at any time prior to the closing date of the Offering, to purchase additional FT Shares and Charity FT Shares has been increased to 1,875,000 FT Shares and 1,815,000 Charity FT Shares.
The Offering is expected to close on or about June 6, 2019, or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the Toronto Stock Exchange.
Nice little pop but still a dog with fleas in a massive downtrend for now.
May be, but relative the many of the miners, I’ve done well with it so far.
20%? I am not seeing anything on investing.com or stockcharts…
NHK:CA Dave
Up 22%
> 20%: Was there an increase in price of 20 or 22% today? My usual sources didn’t show an up of 22% for Nighthawk today (I looked at them). For a while it has looked as if it might jump though, even more over the past few days or so than before.
> I have been slowly dumping some of my all too extensive junkier stuff and buying stuff with better fundamentals and stuff with (to my eyeballs) better charts. In general that has meant buying somewhat larger companies than Nighthawk, but not always. Just today I sold something today and put in an order to buy more Nighthawk. Unfortunately it was not hit. Fortunately I already own a disproportionately large amount of Nighthawk.
> There may be massive downtrends overall, but a somewhat arbitrarily chosen model portfolio of individual stocks chosen largely on my shallow knowledge of fundamentals, eyeballed charts, and irrational biases has done surprisingly well over the past 7 months approximately. You would have thought gold was in a bull market if you had only looked at the results of this basket of stocks of interest.
A lot of the PM companies are junk. Most are not well run. Lots have garbage properties. There are some that are not so bad however. If you look at the individual charts and spend some time on their websites you can sometimes buck trends. Also knowing when to use advisers and Experts as positive indicators and when to go against them can help. Luck works when it works, of course.
(It often seems as if Steins1 and I come at similar conclusions from different directions. I hope I am not sullying his reputation too badly in making this statement. Apologies.)
They ended up 22% today, at least in my Fidelity account, the symbol is NHK:CA but a look up would be NHK:TO.
I’ve looked in a few other places too and don’t see it. But it looks like it was about a half a cent?
No Karl, no sullying! We’re all in the same boat trying to navigate our way. 🙂
Are you still hanging out in Spock Land? I haven’t renewed but have all my rocks. I still say when gold turns, if it ever does, many of them will go higher fast. So many at “rock bottom”!
I actually renewed, at least for a half-year.
I have been cleaning out some Spock recommendations as well as stocks I bought on my own and have held way too long. I have also targeted 1-2 recommendations of “Otto” of IKN (my other source), while buying more of recommendations of both, esp the latter, and some of my own.
While I think there’s a fair chance that holders of all the “Spock rocks” will look like geniuses in a year or two, and while I like holding a gambling portfolio all the time, I think it’s good to adjust the portfolio so that you don’t depend on a good market.
I should have said what I liked about Nighthawk’s charts. I think you don’t have to do anything other than look at the charts themselves in multiple time frames, but esp shorter term ones. Compare to the quoted price of gold. Compare to other developers and to tiny producers. Quoted charts of precious metals and of many PM stocks recently look just disgusting. It looks as if something is happening (maybe it is just something to do with the financing–but maybe more). NHK is at worst holding its own–like others I have been buying with proceeds of some of the not so good ones. If you put Bollinger Bands on the charts you see that they are pretty narrow. If you put on moving averages (EMA, SMA, different lengths–doesn’t matter much) you see that the NHK price tends to stay above them. If you had the means and desire to borrow NHK stock–would you want to be shorting it? No certainty of course that it won’t go way down. Nothing is certain. I have enough, maybe too much, but I was hoping to add a tiny bit more though.
I finally realized chasing these little polished turds usually ends in disappointment. KL keeps making monster gold finds that puts all other miners to shame especially when it comes to the cost of production per OZ. It’s now the only miner I will own for the long haul.
I have owned KL for a long, long time. I bought more quite recently, in two steps.
I owned RGLD when it was a penny stock, long, long, long ago, and added periodically. I was stupid enough to sell most of it around 2015 but still own a ton (my largest holding by far). Usually these little stocks don’t do well. Sometimes they do.
I do try to be flexible and not box myself in too much.