GREY:PMVGF - Post by User
Comment by
OracleOfOttawaon Oct 09, 2011 11:01am
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Post# 19133293
RE: RE: 5.5 million shares cross to Clarus
RE: RE: 5.5 million shares cross to Clarus...since it was Clarus, i think they are "doubling down" - they got a bit burned buying it all the way up to over a dollar a while back...so now their average price is probably around 70 cents.
I think there was a ton of options coming due on Oct 15 - 13+ M of them at 30 cents - on the "plus" side, that's 4M in the bank for us, but some dilution - oh well, everyone knew it was coming - they would be fools not to cash in. Just my guess, but that is probably where those 5.5M shares came from.
again, 60 - 61 on the ASX, it is open tonight and tomorrow i think - interesting to see how they react.
I am thinking 61-62 then 62-63 (they are a cautious lot...) if no news out yet.
So looks like the TSX has some catching up to do...maybe this is why the price has been "artificially depressed" (IMHO) - so that Clarus could grab another big bunch at a reasonable price, sort of a "make up call"
Hopefully that is over and done with, and the glass ceiling has been replaced with sunshine and lolly pops...
Go long my friends :)