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Bear Creek Mining Corp V.BCM

Alternate Symbol(s):  BCEKF | V.BCM.WT

Bear Creek Mining Corporation is a Canada-based precious metals producer. The Company is engaged in the production and sale of gold and silver, as well as other related activities, including exploration and development of precious and base metal properties in Peru and Mexico. The 100% owned Mercedes Gold Mine is located in Sonora, Mexico, approximately 250 kilometers (km) northeast of Hermosillo, Mexico and 300 km south of Tucson, Arizona. The Mercedes property consists of 43 mineral concessions totaling 69,284 hectares. The 100% owned Corani silver-lead-zinc property is located in the district of Corani, province of Carabaya, in the department of Puno in southern Peru. The Corani deposit sits at an elevation of between 4,800 and 5,200 meters above sea level, on the eastern side of the Continental Divide in the Andes Mountains. The project consists of thirteen mineral concessions that form a contiguous block of ground covering approximately 5,500 hectares.


TSXV:BCM - Post by User

Bullboard Posts
Comment by fleeinggrandichon Jul 05, 2012 6:22pm
426 Views
Post# 20086504

RE: RE: WHAT IS BMO UP TO

RE: RE: WHAT IS BMO UP TO

I love watching the intraday L2 and checking the recent transactions at tmx.com. Here's what I've continued to see:

1. CIBC and BMO are still the two houses sitting on top of the bid pile. All selling is going right into their laps.

2. These aren't retail orders. BMO and CIBC are not hitting the asks. Retail would hit the asks. This is active institutional accumulation in the face of unrelenting dumping. Small lots on the bid, but when they get filled they automatically reappear. Retail would be exhausted by now.

3. These are rushed orders. Seemed today that BMO and CIBC were trying to butt in front of each other. They're also bidding up the bid side leaving supporting orders way below them - even if the next visible bid order is $2.80, they leave their bids at $3.06 for example. They're making no attempt to pull bids to let someone dump the price back down to $2.60 or $2.40 (the next support on the bid side).

This really really looks good, guys. God knows what size position they're trying to build, but hopefully it'll take a while. Certainly looks like they want to build positions now and not wait for a few weeks of weakness.

Don't sell into this. Som,eone finally wants to buy.

Bullboard Posts