Price, Volume, and FinancingNormally I only post about the rock and deposit, but after reviewing all the sales since the halt, I would like to make a few comments. I have read alot about MS and the trading actions.
Price Control and Volume
Entities are clearly in control of the price movements. I don't want to be all conspiracy about it but, many poster are correct, it is being controlled, for accumalation, or whatever their purpose is by many entities (funds, operators, large investors....). I can't say who or what but it looks pretty clear. There is massive blocks being traded here, it looks like it was tried to keep it at lower than current levels, but unsuccessful. Now it seems this 1.29 to 1.33 range is wanted.
Today someone bought a block of around $500k in one trade at around 10am for example, with also large dumps when it got to high range, then bids increasing. How often have you seen someone drop half a million dollars on a market order on a junior explorer on the venture? I know nothing will be done about manipulation, that's the way of the world, and usually don't comment on it because of that. It does though affect the level that the next financing will be done at, which is unfortunate. The volume here is truly incredible for the venture, today the volume was 8.8 million shares on all the exchanges, and since the halt over 36 million shares. If that doesn't tell you there is interest by big parties nothing will. At one point today I took a look at seen about 800k shares on the bid at the highest price, don't recall ever seeing that even when the float was less than half and the price below a dollar.
Financing
Dev will do some financing this year for sure, he will not wait until they are out of capital or close next year. He has stated this many times on what he thinks on the subject. I am not worried though, if you look at the hit rate of uranium per dollar raised, it's only a good thing. He has proven that he can raise money on fantastic terms compared to other explorers in the industry, especially in the depressed market we are in. Most other explorers with no compliant resources estimate, will have to raise at or below market prices, with an equal amount of warrants. This is much more punishing to shareholders, than Fissions last equity raise. Worse if others don't find anything significant. Last financing was flow through at above market significantly, with only a small percentage of warrants allowed. I would take that anyday with what it could produce in exploration results. This type of financing shows confidence in the deposit/company, not negative sentiment in my opinion. The market cap is a good size now so it is also fairly low dillution.
On a side note, today world news made on the smog in China. Today the warning in the capital was 800 times the level of a smog warning in Toronto. Some areas rural are worse. You wonder why they want to build nuclear power plants.
Cheers
Presclubs