Mineralfields395,000 of the shares today were sold by TD7. TD7 I have tracked for months is a Mineralfields account.
As I have said for ages, all of the fear in this stock surrounds Mineralfields. This is a four year long problem at CDO. The seller is and has always been and always be Mineralfields.
Look at their web site. Sell is what they do. They do not have the inclination to hold a single share and they will sell at whatever price they see. Mineralfields also says that they would be happy for the company to find a buyer for the shares they intend on selling in large blocks.
Once again, I point you to companies like Golden Hope Mines, Mountain Boy, Decade, Critical Elements Corp, Plato, Silver Spruce, Manicougan, Metanor, Bolero, Slam.
All of their stock charts look the same. They sometimes have rallies, but they are all aborted by intense selling, and now they are all languishing which is 'the Joe effect' as people think these are broken companies.
All of the stock charts look like CDO. And these are good companies where the shareholders are flummoxed as to why there is no worth being given companies with resources of a much higher worth.
The Joe share count at this company CDO is less than 10 percent. They are leaving the picture, but they must stay leaving, or this company will struggle continually.
There is only one company that I can name that has been able to move beyond a Mineralfields PP and through the wall that Mineralfields creates with its selling of every share they own and this is CUU.
It is said that there is a PP coming at .05, but if this is a PP with Mineralfields, the excitement won't last. Mark my words on this.