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Homerun Resources Inc V.HMR

Alternate Symbol(s):  HMRFF

Homerun Resources Inc. is a Canada-based company. The Company is focused on the development of its business within the critical and energy materials sectors. Its Tatooine Quartz Silica Project covers an area of approximately 3,958 hectares, located directly adjacent to the community of Brisco, British Columbia and BC Highway 95, and approximately 65 kilometers southeast of Golden, BC, which is home to the Moberly Mine, a past-producing high-purity silica mine in the same lithological unit as the Tatooine Silica Project. The focus at the Tatooine Silica Project will be to sample and test silica for its application across the spectrum of silica end-products, including high-purity solutions. The Belmonte silica concession in Belmonte, Bahia, Brazil. The Belmonte silica concession comprises approximately 69.4 hectares.


TSXV:HMR - Post by User

Bullboard Posts
Comment by vlieton Nov 19, 2008 9:30pm
268 Views
Post# 15597506

RE: RE: RE: Take over !!!!!!!!

RE: RE: RE: Take over !!!!!!!!Trading large volume in same house is called a block trade.  Typically these occur when a shareholder having a large position wants out and seeks out buyers.  They agree on a price for the transaction (typically below the present market price).  The seller sells down to the agreed upon price and then the trade happens.  It shows up as a trade inhouse to avoid the huge fees of buying on the open market.  When such large trades go through the paperwork happens at one brokerage yet they still have to show it as a trade on the market to show the shares trading hands.  They send this as a trade to themselves.  Large block trades tend to signal a bottom when a stock is falling steeply like PHC has been.  The seller no longer has shares so the downward pressure is gone.  Not only that the buyer who purchased the block of shares wants to protect his investment so keeps some cash on the sidelines to support the share price.  Once other investors see the stock has bottomed they are willing to step in and buy and nice rallys can happen.  In this investing climate who knows about if the rally will continue but I am confident we have seen our lows for PHC.
Bullboard Posts