Creso Exploration Inc CRXEF

Leaky Boat

[resourcehorse]

Must be a news leak of some sort. Today was large volume on the downside.
After hours NR or Friday release? Doesn't look good right now. NTR also had a crapout today.

[Rockracker]

I wouldn't jump to any conclusions ....

[wiseguy279]

Sadly.......I feel the same way.  So fustrating right now.  Stop losses getting hit in the final minute.  Some have insider info and know about the news already!!!  I pray this is not the case.  I don't think this was a tree shaking or what-have-you.  I hope I'm wrong, but this could get ugly.The only positive news was that TD was buying alot today......Also

[vectorcan]

Poor results on the way before the open Friday. Count on it. Everyone knows but the retail guys. Get yourselves a good broker.

[kurdsoil]

u will see a big violent rebound tomorow,i all the nervous nelllies just got freak out.the 95 cent drop didnt freak out many so they pulled it under 90 wow!. will be a up day tomorow to 95cents,expecting nr middle of next week! at the mean time the gold bullions are bettign 1600 gold prices for dec. just hold on or if u cant just move on

[vectorcan]

Why else would a well-connected firm like Dundee be dumping millions of shares right before a NR and exectue a market order at the close for 250K shares. Dream on. News has leaked and it ain't good.

[ybone1]

 No disrespect intended here but how do we know it was Dundee dumping? I wasn't able to watch the trading very much today.

[dundee34]

Considering the price that Dundee paid for shares, and the large number held,  selling at a big profit is never a bad plan.TORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee Corp.") announcedtoday that, when aggregated with accounts sub-advised by Ned GoodmanInvestment Counsel Ltd. , it owns or has

[fairchij]

Thanks for posting the holding by Dundee. That certainly represents a huge overhang that would account for the selling and shorting. Makes me feel a whole lot better knowing how to account for this extreme downward pressure. So with this many warrants they get to short the stock and have the money to exercise their warrants with the gains or just cover the short in the market if the stock

[stateside]

Why else would a well-connected firm like Dundee be dumping millions of shares right before a NR and exectue a market order at the close for 250K shares. Dream on. News has leaked and it ain't good. They didn't dump on any news leak.  They dumped two weeks ago as well.  stateside Creso Exploration Inc. (CXT) As

[fairchij]

Dundee trades over the last month...No insider trading occured during todays session. Broker Positions for C:CXT Broker #27 from 20100928 to 20101028 Date Bought $Val Ave Sold

[fairchij]

Trades by Anon over the last month. Their average sell price is $1.00 over this period. Broker Positions for C:CXT Broker #1 from 20100928 to 20101028 Date Bought $Val Ave Sold $Val Ave

[WesternRookie]

When times like these come... you always gotta go back to the risk reward.$1 break was not a good sign....  Minto might not be done... but it has run a long way.  Good buy again sometime... not now.    Take the money and run.

[andora]

u gotta be joking me toasted western, why even post !

[knowsnothing613]

"take the money & run" lol.. I read your Shining Tree Blog post the other day, which got me interested in this stock . And I did my DD on CXT. It seemed like an interesting play, except this bothered me: https://www.creso.ca/tl_files/photos/MINTO/1.jpg If you look @ the graph, it seems like drill hole MC0902 hit a few very high grades over a short interval. aka nugget effect

[fairchij]

Yes nugget effect tends to be problematic and normally under estimates mill grade by significant margins. This is a well documented characterisic of Abitibi Greenstone Belt deposits. Gold Bullion has been hitting 1 g/t gold using nq drilling when mill grade is known to be 1.72 g/t they have ordered RC rigs to sample a larger cross section to get a better handle on grade. Below