SellingThis was an orchestrated sell by a fund. It happened earlier in the year. Price of SMF last two weeks of June was all over the place.
Three times the normal average, every sell was lower than previous day, this in spite of a rise in daily gold price. There were a lot of US houses active yesterday.
The most important part of this is that 5.2 million shares got absorbed with out a 10% drop. There are some days when this stock is weakly bid and you can drop the price 5 % on less than 100,000 shares.
It's basically 2 weeks from the end of the year and many of these funds will be booking profits. A managed sell with a 5% discount to the buyer
You are looking at what should be a very profitable quarter followed by the underground feasibility, more drilling and the list goes on and on.
Wes