Post by
trader53 on May 15, 2024 5:27pm
Canaccord Buying!
House 33 Canaccord Bought 260,000 shares today and had over 150,000 buy orders left on the bid. My guess is this buying came out of Canaccord Australia. Rather than just sitting on the bid they were lifting offers all day! If I am right, I have to assume Winsome are loving what they are seeing at Case Lake. With positive results I would also expect that we will see Waratah come into the market either with a flow thru equity raise and or accumulation from the open market. Remember Waratah owns 26,000,000 shares of Winsome and only 3,000,000 shares of PWM. With a 4.5 billion dollar fund I cannot imagine they would be happy with such a small position. Any suggestion of production my guess is they would want to take an equity position along with their royalty of 2% through lithium royalties. + 13.5% stock move today!