Crosses by Broker 62 Means Distribution?Terry:
[S] Maybe it's not the "grinning idiot" giving us the low ratings? Must be broker xx?
I've spoken about (predicted?) Haywood leading the charge before. When we see them "pseudo-front run" could it mean that the October rally is not too far away? At a POG approaching $US1,300, someone has to strategize BRD's movements through these shark infested waters, might as well be broker 62.
Judging by the readers on my last post, the potential of the low grade/high grade conundrum must be of interest to some. Meaning which, "shell" is RA going to use for his Ore Reserve calculation (lower the grade the higher the reagent and TMA/tailings storage cost)? Opting for the higher cut-off means that he is opting for the "high grade" handle; with a lower cut-off he'd be going for the bulk mining with low grade possibly going to a custom mill. What are his options with SAS's 3000 tpd being, "spoken for"? The higher the POG goes, the harder it becomes to get a custom milling contract.
BWDIK? Could two block trades (1 mln, 1.5 mln) mean that BRD is in distribution. Weak hands to strong hands. Read my previous post on "October" when the Muskokites return to Toronto.
GLTAL-GLAP
Cheers
Stanley