If they're processing 30 cubic meters a day, that comes out to 4,640,245 boardfeet/year. Pine retails at ~$1.00/boardfoot, hardwoods more. Wholesale would drop that. A few million a year seems like a reasonable estimate. Good for a small mill, pretty shit for a supposedly big operation.
Yeah. That’s “mom and pop” mill size in BC. Which is why I assumed it was a misquote if we were talking about it in this thread.
Thanks y'all. It just wasn't translating well for me, and there was no indication of what kind of lumber they're producing and how finished it might be. Since it seems they're doing it on site, I imagine they're just doing rough cut. They have holdings in New Guinea, so I'm also inclined to think they may be doing hardwoods. But it still translates to pretty low volume.
This gives me hope about AABB. It's a story about how shady RIOT was seen in 2018. In fact, it sounds a lot like my investment in NWGC. I'm still thinking NWGC is a scam, but it did turn a 62% profit today, so there's that...maybe I'll add a few more shares just for shits and giggles. Anyways, here's RIOT twenty five moths after that blistering article:
Put in an order to bring my GTII share count up to 180. Rumor is that the shorts owe 5.6M dividends to rightful share owners and there are 56M shares shorted that have to be covered by 04/08. When the volume is under 1M a day, that ain't happening. I guess we should find out shortly if the rumors are true....
Took my profits from NWGC and ran my shares in GTII up to 300. We're in a .56 dip on a volume of only 225K. I couldn't resist, shorts are giving it all they've got to drive the price down. I've got my average down to $2.79.
did the same with my POWW profits. It gained a dollar/share while I had it like a good boy. Average is the exact same as yours now. There's some weird stuff going on with this stock and with the price being so low, it's worth a few bucks to see if it works out.
It's just the shorts trying to drive price so they can cover. The bid/ask spread is starting to open up, so it'll probably start climbing soon. Unless the shorts start trading small blocks amongst themselves. I don't think I've ever seen movement like this on such a low volume. Also another thing pointing towards shorts manipulating the price: Company dropped positive PR today, they acquired another company. And the stock organically drops 20%? I don't think so.
down to $2.63 with about $100 in it. That's about all I feel comfortable risking, but I'm reasonably confident at this price point. Let the games begin!
An hour into trading and GTII has a volume of only 139K. The bid/ask spread is running .05-.07 difference, so it looks like folks are holding. Seeking Alpha had a pretty scathing article on the company yesterday, but it very well could've been placed by someone trying to cause some panic selling. There's actually quite a few rumors floating around right now, which seems about right if a squeeze is imminent. We should know by Friday, or Monday at the latest. I just need this thing to hit $6....then it'll cover the 45 70 I bought the other night. I'll be happy if it does that, I don't need GME numbers.
Nope. It's really, at this point, a worthless dividend....it's a warrant to buy a share at $2.75. But, since I posted just a while ago the stock has jumped + .25 and has touched as high as $2.60. I think Friday is going to be really interesting to be sure.
One of the whole points of shorting stock, when you're a VC/hedge fund, is to then drive the stock price lower, to trigger sell-offs, or stop losses, or cause panic sells, in order to further drive the price down and down. A number of sophisticated "ladder attacks" can be done to do this in such a way that it maximizes the price drop with minimal shares sold. This is one of many ways the Hedge Funds can manipulate the stock into doing what they want it to do. This is one way that they try and get shares to buy to cover their naked positions. Due to the insanely low volume, both GME and GTII, I would say that those shares are NOT coming available, and eventually their short positions will be called, and they will be forced to buy to cover their positions. Those positions cannot be fully covered due to the fact that there are more outstanding than actually exist. That is the whole point of the squeeze... force them to buy to cover their positions, drives the prices up. Until then, they will do all sorts of shit to try and not require that to happen.
Yep. Closed at $1.95. No worries. If it is a squeeze it's going to hit soon, if not....I've lost money before, I'll make it up somewhere else. If it wasn't for the possibility of a squeeze I'd say this is a .10 stock, but if it is as shorted as folks are saying, it may well be a $100 stock. Fundamentals are out the window with this one right now.
That's part of the reason GME is so weird... people are not investing based on fundamentals, and that's fucked up the "normal" game of the hedge funds. They are now in a position where their games are, for the most part, being ignored by retail investors, and are causing them problems. "Oh, a ladder attack? BUY THE DIP!" "No... you're supposed to get scared and sell!" "Stonks! To the moon!" In other news, I got my 2 t-shirts delivered today:
I should mention that partly why the GTII price is still low, I think, is that there's not the WSB following being autistic about buying the dip, so the price just goes down and down. The trick is going to be to get your cash out before someone is willing to sell enough stock to cover the shorts, at which point the squeeze is done. There is no guaranteed payout for everyone.
Looking at the chart from today, it looks like a desperate short attack. And check out the most recent bid/ask spread....almost .75.
On the plus side, even though I lost $115 on GTII today, my AABB gained $450. I'll take that trade off any day of the week.