With over 2 million shares trading today, I've revived the "Today's Trades" link.
When I saw an odd lot sale of 700 shares by GMP, I thought that might have been it for them, but no such luck as they sold more after that. They had some help from Cannaccord today who dumped half a million shares into the 6.5 cent bid just when there was strong buying at 7 cents.
Two new buyers showed up today - Research Capital and Standard.
2 comments:
Thanks Carib. Good idea, especially over the next few days.
With today's sales, GMP is now up to 4,701,700 shares sold. It represents 404,128 shares more than financing #4 and 203,129 shares more than the flow-through component of financing #5. If I add in the unit component of financing #5 then the GMP sales are 1,071,871 less.
Again, only 1 of the 4 finder's groups were the same on both financings, hence it is unlikely that GMP is selling shares from both financings. Since the GMP selling hasn't stopped as yet, it is becoming increasing more difficult to figure out where these shares come from. Right now it's looking like they came from financing #5, however if they blow by the remaining 1,071,871, and continue to sell, it will then get really confusing.
Brent should try to arrange a cross, if it turns out that there are millions of shares left to be sold. There seems to be enough demand at these prices.
Feb 24 trades have been posted. GMP has now gone over the 5 million shares sold mark since Jan. 22, but their last sale today was 800 shares. We'll see tomorrow if that was their last gasp.
We'd probably be in double digits had it not been for GMP selling 5 million shares in the past month or so. We'll still likely get some flipping of the GMP shares bought at higher levels.
Still the trend is mildly positive. Research Capital bought another 200k today at the 7.5 cent ask. Both our low and high today was 0.5 cents higher than yesterday on a day when gold had a significant correction. The gold action looked familiarly like another short selling raid by the three US banks that at last report held over 50% of the Comex short position.
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