RE: RE: RE: COVER UP OPERATION
This morning, 7 TD, which was a big seller since a couple of weeks,was selling to itself and GMP and some brokers were too;so,
that is a very interestig observation.
I was listening to Bob Chapman of the International Forecaster, who you may be aware was one of the world's largest gold share stockbrokers before her retired and produced his newsletter. In answer to a "shorting" question, he said that, in order to cover up their tracks, brokers frequently sell clients shares, in circumstances where they are allowed a three day settlement, then buy back for an associate of the client, within the three days and sell again. In this way they avoid shorting showing up, since they revolve the shares with an associate. However, the net effect seems to be that the shares are short for 99% of the time.
On a separate issue of Sprott's strategic shareholding, I cannot see the logic of Sprott selling shares peicemeal in the market. The Sprott shareholding would be an ideal platform for a potential takeover candidate to aquire in one block - at a premium to what sales in the market would give - the result being self evident from the outcome of recent trading.
It could be that there is a hidden naked short, which could be a preliminary to a take over bid?
Apart from the financing requirment by Metanor in 2011, as alluded to by the insight from director, Tristram Coffin, there is the unresolved issue of litigation arising from fatalities in 2009. Could there be scope for negative information concerning this, leaking from people with access to legal documents ?
Tristram Robert Coffin Mr. Tristram Coffin is Director of the Company since July 2009. Businessman, Mr. Coffin was admitted to the Order of Dispensing Opticians in 1963. Mr. Coffin has been active in the optical industry since the last 40 years and sits on many advisory committees.
Owner of the firm "Tris Coffin, Meunier Rosenthal Asselin Optometrists/Opticians", Mr. Coffin operates one of the Canada's most prestigious optical operations located in Montreal (province of Quebec). Mr. Coffin also acts as special advisor and licensee to U.S. Vision in the province of Quebec. Early in career, he worked in the brokerage business and helped bring numerous companies public. Mr. Coffin was also involved in home construction projects in the Laurentians (province of Quebec). He was involved in the 1964 Olympic Games, as Manager of the Canadian Alpine Ski Team.