GREY:MAAFF - Post by User
Comment by
canadianpilgrimon Sep 22, 2009 11:05pm
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Post# 16329936
RE: What happened?
RE: What happened?"What happened the last 30 minutes of trading?
Some people stocking up before Friday?"
I think the news of the TSX listing leaked out to at least one person. They cleared out 400,000 shares and it looks like they took it at market.
This is great news. I refuse to believe that MAG are going to list on the TSX on Friday and then announce another extension or that financing fell through. This is designed to make MAA take off like a rocket on Friday. Financing announcement + TSX listing = Buy list for big fund money. The funds will almost be forced to buy on Friday. The volumes could be crazy and I can't even guess at the share price. This will grab a lot of attention and bring even more money into the stock. The momentum on this stock is going to be nuts.
All this new money means new shareholders and voters to approve the deal with the ChinaCo. I can't imagine there being many investors still around who came into the bought deals above $2. 70 cents is a tough pill to swallow for those investors, but for guys like me who were buying large under 20 cents, this is a sweet deal.