RE: RE: 1- AnnonymousI don't think anyone is suggesting the MMs have driven this move. This is one or more large players moving it down.
Unclear whether these are short sales or whether someone is unwinding a large position. I posted the annon sales to show just how large an impact a motivated seller can have. The net sales over a month were less than 2M shares - yet the price moved 20%. Mind you - they had alot of market help.
I expect that we'll see one or more downgrades today - even though results were known. If/when you see them, that should indciate who the annon sellers were/are (they continue to sell into any and all bids this morning). The promising news is that it looks like there is now a motivated buyer at anything under $7.50.
To the folks that say production is key - you need to understand that production doesn't just happen - it needs to be paid for, and that is why cashflow now is so important. More cash in Q1 and Q2 than expected can really accelerate the production growth.
I notice they will not have a conf call since the AGM is in two weeks - so no indication on Q2 production until then.