OTCPK:CFMSF - Post by User
Comment by
RicherNowon Mar 26, 2010 12:22pm
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Post# 16928334
RE: Anybody know what's up?
RE: Anybody know what's up?Mineral Fields holds over 2 million shares, down from 11 million shares. They have been selling since they lost the proxy battle. They have to move their shares, as I understand it, to fulfill their obligations on the flow-through financing they did for Clifton Star on behalf of their investors. They have sold many shares to date. They have long posted their intention to do this on Sedar. They still have over 2 million shares, mostly I think in the $2- $4 range that are quite profitable. Once they have finished their selling IMO things will be stabilized and begin to move up again.
This is my best guess, MineralFields has been selling large lots of shares this year.
DYODD, not investment advice, just my best guess. Watch SEDAR for Early Warnings from MF