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Handeni Gold Inc HNDI

Handeni Gold Inc. is an exploration-stage company. The Company operates through the acquisition and exploration of mineral properties segment. The Company's principal business is the acquisition and exploration of mineral resources located in Tanzania, Africa. Its principal area of focus is the Handeni Gold Project located in the Handeni district, within the Tanga region of the Republic of Tanzania in East Africa, in which it has interests in mineral claims through prospecting licenses (PLs) and/or primary mining licenses (PMLs). The Handeni Gold properties lie within the Handeni artisanal gold mining district, located in Tanga Province, approximately 175 kilometers (km) northwest of Tanzania's city, Dar Es Salaam, and about 100 km southwest of the more northerly coastal city of Tanga. The total area held by the Company in the Handeni district is approximately 236.65 square kilometers.


GREY:HNDI - Post by User

Comment by JJ40on Apr 02, 2014 9:51pm
194 Views
Post# 22403479

RE:Volume - off the chart

RE:Volume - off the chartVery similar to that high volume day a few months ago.  Here is my theory:

Somebody(s) is getting the price down over the course of a few months.  Then they let the asks build up and wipe them clean up to .025, before dropping the SP back down to .01.  Then it will drop to the fractions again.  This is done in order to clean up the outstanding shares before eventually doing a reverse split in the future.  The buyer(s) will have a great percentage of the shares at a dollar cost well below a penny before the split.

Perhaps somebody knows something about a target or IPP deal.  Perhaps a wet dream or 2 still exists out there somewhere.

Those are my darts anyhow.
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