GREY:AMERF - Post by User
Post by
ok2buyon Feb 03, 2011 12:04pm
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Post# 18069280
On the Ask
On the AskNot much showing on the ask here @ $ 0.085. If you go back over the last years trades and look at high volume days (my cutoff was greater than 3 million shares/day). You will see the following:
Date: Shares: Cost $ : Daily Low/High
4/1 3.54 million 0.155 - 0.185
7/8 4.81 0.205 - 0.29
10/8 3.66 0.105 - 0.14
10/12 4.16 0.08 - 0.115
12/9 5.08 0.06 - 0.085
12/10 5.50 0.07 - 0.10
12/23 3.56 0.07 - 0.08
1/10 3.10 0.07 - 0.085
Total 33.41 million
The total shares that traded hands over those 8 days were 33.41 million shares. Out of a total number of outstanding shares (95.1 million) - this represents a whopping 35.13 %. If you take each Daily Total and multiply by the Daily Low (which certainly applies a discount, versus using the Daily High) you will come up with a total for those 8 days of $3,407850. Take the $3,407,850 and divide by 33,410,000 (the total shares sold in those 8 days) and you come up with an average cost of $ 0.102/share. So 35 % of the company's total shares have been sold for an average cost of $ 0.102/share. And we are trading at
.085/share. See where I am going with this. Best of luck to all. To the company, if you read these bull boards. Get those drills turning. I want to see some decent assays and a NR indicating that we are working towards a 43-101 compliant resource estimate./ok2