TSXV:PEM.P - Post by User
Post by
prospector7on Jun 11, 2009 7:52pm
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Post# 16064031
RE shake out ploy
RE shake out ployIve posted this before that someone bought 1,000,000 shares of the PP I keep asking myself why
If you are an investment house you can only announce it if you own 10%.
My thought is however did that has a plan and likes PEM so they go to brokers and get them to buy shares on the open market to improve there position. RBC has accumulated a lot of shares and still hold 691,780 units which is a lot for a brokerage firm to hold in one month, The month before they bought 14,500 and sold 69000.
This old prospector mind wonders if they have been buying for the company that bought the 1.000.000 to improve their position in PEM.
Just a thought because PEM has 38,350,219 shares outstanding and for someone who likes the 43-101 on Friday and Chrome Mnt they might be very interested in PEM and want to hold shares in PEM before they give PEM an offer to do a JV which would give PEM the $$$ to go ahead with Chrome mtn. and be a very good investment for their company.
This could be what's happening remember there is billionaires out there that want the gold in the ground, the playing field is getting bigger these days in the gold plays but the gold in the ground is getting smaller and smaller everyday.