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Bullboard - Stock Discussion Forum Magma Metals Limited T.MMW

TSX:MMW - Post Discussion

Magma Metals Limited > Big dump today...any ideas why?
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Post by embertr on May 17, 2012 4:09pm

Big dump today...any ideas why?

Just wondering if there was some catalyst for this otherwise low turnover stock to suddenly dump 1.85m shares?  Anyone have any ideas?
Comment by MiningMonster on May 19, 2012 3:47am
Panoramic shares are plummeting in value, and you wont get them in your account for a while.  In the meantime everyone is shorting Panoramic.  The best play is not to buy Magma but to short Panoramic.  Its a stock deal which is lousy for MMW holders, the aquirer falls in value leading up to the transaction.  Be very careful not to value this as if it were a cash deal or you ...more  
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