Post by
OracleOfOttawa on Sep 14, 2017 12:09pm
My opinion
It just kills me when i see a stock that should be going higher not doing so. In this case, it sure looks like someone(?) wants this stock to stay below 90 cents. Look at it right now - 6 orders totalling 135K shares to sell at .90 - average of 22K per order. 2nd level quotes show that
between 91 and 94 cents, 28.5K shares for sale, 10 orders, so an average of 2.8K per order. I personally am looking at Haywood to blame - they are consistently selling 100K, 50K chunks under 90 cents. I believe they are keeping the price low, knowing it should be 20 - 30 cents higher, in order to sell blocks to their customers. When the price DOES go up, it looks good on them for the customers that listened, since they made a quick(?) 25%. Probably doesn't help that 50% of the shares are controlled by Osisko mind you - they probably don't care where the stock price is since they are going to own this company at some point, and the lower they can take control the better. Basically, small shareholders are held hostage to the whims of a few "big guys" who control where they price is. If it goes up too high, they sell to make it go down. And when it is down, they buy (and then have more shares to sell if it tries to go up)
I know, just venting here :)
Comment by
hammer161 on Sep 14, 2017 10:06pm
The SP is static because the market does not know the resource numbers. One million ounces or 10 million ounces? Slides 11 and 12 in the corporate presentation tell an interesting story.
Comment by
TequilaShot on Sep 15, 2017 7:26am
The other piece will be production, which should be underway. Moving averages and technical indicators all point to a buy. I think we`ll be moving up very soon! Cheers, TS