Acadian Mining Corporation ADAIF

PDAC 2004 International Convention

[maldoror]

35 selected companies present up-to-the minute information about their current activities and prospects at the Exhange Forum/Investors Exchange. On Monday, March 8 -sponsored by Northern Securities- Will Felderhof, President of Acadian Gold Corporation, will speak at 11.40 a.m. The high quality of these presentations always attracts a large audience.(The above is a direct quote from the PDAC program!). The last minute action on Friday-TD Securities knocking out the bids and pushing ADA down by 10% on less than 15,000 shares points out the lack of liquidity in ADA and also demonstrates the need for a public relations campaign that will make ADA more liquid.It might have been a sell order at the market caused by a margin call or a market maker's effort at destabilization. Officially a market maker cannot destabilize a market, meaning knocking out bids, unless he does it for a reason that relates to him having to square his position at the end of the day or week for positioning reasons.It could also mean that the market maker is net short and is trying to destabilize the market sufficiently (scaring weak holders into selling based on market action) so that he can buy back his short position at a lower price which would be against the rules.However the rules regulating the behaviour of the market makers are so loose that you can drive a truck through the holes and the interpretation by the exchange officials always favors the market maker. In itself this type of market action, more often than not, has no meaning relating to the underlying fundamentals and usually represents a buying opportunity as the market makers are mostly penny wise and pound foolish. Maldoror, your charming confidant and penitent sinner.