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Copper Fox Metals Inc V.CUU

Alternate Symbol(s):  CPFXF

Copper Fox Metals Inc. is a Canadian resource company focused on copper exploration and development in Canada and the United States. The principal assets of the Company and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona. Its other projects include the Eaglehead Project, the Sombrero Butte Project, and the Mineral Mountain project. Eaglehead is an advanced exploration stage polymetallic porphyry copper project located about 50 kilometers (km) east of Dease Lake in the Liard Mining District, British Columbia, within Tahltan territory. Sombrero Butte is a Laramide age, exploration stage, porphyry copper project located in the Bunker Hill Mining District.


TSXV:CUU - Post by User

Bullboard Posts
Comment by Mrigson Mar 19, 2011 12:12pm
451 Views
Post# 18310333

RE: Another halt question...

RE: Another halt question...YourNadir
Crossfox and Hydrocarbon are correct in that you would get the higher price or market price but what you are doing with your $2 ask is dragging down the market price upon re-open. 
For example: Consider open everyday as a halt from the day before. Ever see an open which opens at say $1 and over the course of about 1 minute it shoots up huge This is because the market actually values the stock much higher but there are a lot of guys (usually traders) with asks in dragging down the asking price. If there are 2 million market orders to purchase a stock when it starts trading again then a market regulator will look at all the asks and all the bids and will set a fair price for the stock when it opens. If your ask is below the market price it will fill at the market price BUT  it is actually dragging down the price that the regulators have to set. The good thing about having a below market ask when it opens is that your orders will fill first because you are willing to sell at a lower price, the bad thing is you may be selling at a discount.
Like Hydrocarbon states, you may want to pull your stink sell orders and re-evaluate your positions if/when a halt happens.
Bullboard Posts