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Nuinsco Resources Ltd C.NWI

Alternate Symbol(s):  NWIFF

Nuinsco Resources Limited is a Canada-based multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. The Company is engaged in the exploration and evaluation of properties for the mining of precious and base metals. It operates three properties in Ontario: the high-grade Sunbeam gold property near Atikokan optioned to First Class Metals PLC; the large multi-commodity (phosphate, rare earth element, niobi-um, tantalum) Prairie Lake project near Marathon-Terrace Bay, and the Zig Zag Lake property (lithium, tantalum) near Armstrong. In addition, it has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt. The Prairie Lake project is located near Marathon, Ontario consisting of nine claims comprising of 46 mining claims (27 single cell and 19 boundary cell mining claims), encompassing 608 ha. The Sunbeam Gold Property is located about 30 km northeast of Atikokan, north-western Ontario.


CSE:NWI - Post by User

Comment by Silverseek7on Jul 31, 2020 3:30am
108 Views
Post# 31348037

RE:RE:RE:RE:RE:RE:RE:Huge volume today

RE:RE:RE:RE:RE:RE:RE:Huge volume todayThis Industrial Alliance client has been trying to sell these shares at 1 cent for over a year now, which has been an ongoing curse for Nuinsco.  Industrial Alliance initially had over 6 million shares, and usually placed asks in the 2-3 million range (often immediately following a positive news release, thereby killing any positive momentum), but more recently has had the entire remaining holding (over 4 million shares prior to this week) on the ask at 1 cent.  With the recent volume at 1 cent this week, Industrial Alliance has just over a million shares remaining.  Once they are all gone, there should be less resistance to Nuinsco rising higher than 1 cent.  Prior to this week, there was generally very little, if any, trading at 1 cent whenever Industrial Alliance had a large sell order in place.
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