RE: RE: RE: RE: RE: l2If victory was a seller of shares, I would suspect only a portion of what they owned. Not being all that familiar with the Company, I do not know what their immediate cash needs might entail.
As we dance around the issue who might have been selling, we are forgetting to mention the obvious - profit takers!
PCY, afterall, did put in a good move to the upside and continues to hold higher prices.
I have some cheap shares but the bulk of my purchases were at higher prices than where we are now. Hence, I no doubt share in the pain of many. But I'm no longer worried. I think the worst is over and as next week encroaches, the trend will reverse itself as investors/traders position for the off take agreement(s). In addition, and albeit speculation on my behalf, I think Rob McEwen will step in at some point to undertake an investment in PCY. He still has yet to allocate the $190M he raised in selling his shares in RBY.