Brokers are funny as I talked about yesterday or the day before.
Ain't it amazing that gxy and Gmm both have the targets at double the current share price. That is very common.
The way it works I believe is that the brokers all buy up cheap and tell their favourite clients about the deal. Then the brokers write the research and the clients that were lucky to buy up cheap sell into the volume. This is the only logical solution as people had plenty of time to buy up in the 4.4 to 5 cent range from April to late August.
GMM Price at posting:
20.5¢ Sentiment: None Disclosure: Held