RE: WOW 1 million sharesIt was a trade between CIBC and National Bank.
That was about 10% of outstanding shares traded in one day.
Will be interesting if a filing is made at Canadian Insider.
This bodes well.
My take on this is someone sees great value here and is making a move to acquire the company or put pressure on management to get shares trading towards fair value.
And fair value is closer to $3.
House Positions for V : OML from 20051214 to 20051214
Ex House Bought $Value Ave Sold $Value Ave Net $Net
V 79 CIBC 747,900 1,271,430 1.70 0 747,900 -1,271,430
V 1 Anonymous 91,000 155,900 1.71 30,000 52,700 1.76 61,000 -103,200
V 2 RBC 45,000 78,200 1.74 1,000 1,850 1.85 44,000 -76,350
V 33 Canaccord 26,000 44,560 1.71 0 26,000 -44,560
V 73 Sprott 20,000 36,000 1.80 0 20,000 -36,000
V 68 Leede 16,000 27,360 1.71 10,000 17,000 1.70 6,000 -10,360
V 19 Desjardins 2,100 3,570 1.70 0 2,100 -3,570
V 95 Wolverton 1,000 1,850 1.85 0 1,000 -1,850
V 62 Haywood 0 50 95 1.90 -50 95
V 7 TD Sec 0 1,000 1,850 1.85 -1,000 1,850
V 9 BMO Nesbitt 3,050 5,345 1.75 10,000 18,500 1.85 -6,950 13,155
V 80 National Bank 25,000 43,500 1.74 925,000 1,575,720 1.70 -900,000 1,532,220
Total 977,050 1,667,715 1.71 977,050 1,667,715 1.71 0 0