From Gecko Research...
Golden Arrow - Shares Comes Free Trading, News & Articles
Golden Arrow is one of our biggest successes in 2016. From our introduction at the end of April to the top just three months later, Golden Arrow gained ~250%. Since 5-6 weeks back the stock has consolidated and is now trading around 1 cad.
We love the company for several reasons but on top of the list of pros comes strong fundamentals. Think about this and read it a couple of times so it sinks in: Silver Standard and Golden Arrow have already applied for mining permits for the Chinchillas Project.
We are a week away but wanted to already now prepare readers for what could be a near term opportunity. On September 17 (next Saturday), the shares from the 27c placement in May is coming free trading. No matter how strong the fundamentals are or how undervalued a company is, there will always be someone looking to take profits off the table and/or retrieve their initial investment.
For those not yet invested in Golden Arrow or for those looking to add to your position, we think it's smart to consider using this event to buy cheap shares. Our medium term view remains intact, Golden Arrow is likely to be taken out by Silver Standard.