GREY:VAALF - Post by User
Post by
Dragonflyinveston Jun 29, 2006 5:08pm
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Post# 11049828
Witholding results
Witholding resultsYesterday I received an email from Vaaldiam IR with the following information.
"The results that were provided to Ken Johnson during his recent visit to Brazil were preliminary results, we are waiting for the final results from Rio Tinto as they had to verify and finalize volume for each sample. A press release has been drafted and we are currently waiting approval of the release by Rio Tinto. As soon as Rio Tinto approves the release, it will be distributed publicly."
Today, although no release has been made, we have 10X avg. vol. causing a drop of nearly 8%. What could lead us to believe that this is just coincidental and not the result of insider trading?