GREY:VMSTF - Post by User
Post by
TAOParadoxon Mar 18, 2011 11:16am
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Post# 18305089
Trading Activity
Trading Activity I noticed questionable trading activity on march 16--slow day--with W.D Latimer Co. Ltd. Almost all their trades were small odd lots at points in time where it would give a perception of little support on the down side. Any small trader without L2 may be influenced to sell. I do NOT know but this may be normal market maker activity. BUT I DO KNOW HB has a vested interest in maintaining the lowest stock price possible. I have no doubt they are going to make a run at this company and will try to justify their unjustifiable price based on historical stock price average as they have done with Norsemont.
p.s. -Keep watching
- An excerpt from their web site:
"W.D. Latimer provides traditional brokerage services for select private and corporate clients."
-Regarding the $1.50 it is a good target given the "Kown Ore Body" of Reed and should be trading around there now. I will revise my $1.36 target based on yesterdays news release.
-Regarding the $1.50 and VMS as a whole, it is way low!!! This company has alot going on!!!
-The speculation of Reed the "unknown ore body" some one posted previously rumors of MULTIPUL lenses ABSOLUTLY HUGE!!! and will NOT be included in the NI-43-101.
-The other properties that are joint ventured with HB are buitfull drill targets. This is exploration science at its best. I can't wait to drill these... I am scared to death HB will take over VMS before this has a chance to happen.
-Many other non-joint venture proprties and drill targets established with THE SAME LEADING EDGE SCIENCE!!!
-45% Ownership in North American Nickel with its own properties; one of wich--Post Creek--yielded chip samples of 15% copper, 29 g/t gold, 18.7 g/t silver, Jan 10, 2011. THE SAME LEADING EDGE SCIENCE!!!
-Other stuff but my fingers are tired.
p.p.s. I am not implying the Norsemont deal was a bad deal, simply indicating one of the methods of valuation HB used to justify its bid price; as I am sure most of you got or all of you; I'll just shut up!!!
Have a nice day!