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Goldquest Mining Corp V.GQC

Alternate Symbol(s):  GDQMF

GoldQuest Mining Corp. is a Canadian mineral exploration company. The Company is focused on gold and copper in the Dominican Republic. The Company holds 19 exploration permits (granted or under application) and one exploitation permit (under application) concessions in the Dominican Republic. These concessions are grouped into various districts. San Juan District, includes Romero (exploitation permit under application), Jenigbre-II (Jenigbre), Valentin-II, Loma Los Comios (actual Loma Los Limones), Loma Cachimbo-II (Loma Viejo Pedro), Los Gajitos and Los Lechones (together actual Alto de Los Chivos), Descansadero (actual Gajo La Guama), Tocon de Pino-II, Las Tres Veredas (actual Palo de La rosa), Piedra Dura-II, Tachuela Fase-II, La Guinea, Toribio (actual Arroyo La Vaca) concessions (Tireo Property). Jarabacoa District includes Monte Verraco and La Rabona concessions. Its regional exploration includes Loma El Catey, Loma La Damajagua, Hoyo Prieto-II and Recodo concessions.


TSXV:GQC - Post by User

Bullboard Posts
Post by laser17on Sep 12, 2012 2:09pm
269 Views
Post# 20353197

Manipulation

Manipulation

I may be wrong, but it looked to me like this was being held down at $1.65 to accommodate a six-figure share cross.  As part of this scheme, there was a roving wall of 100,000 shares which moved around between $1.65 and $1.67.

The volume jumped by about 200,000 with no impact on the bid/ask numbers, leading me to believe a cross occurred.  Then shortly after that, it appeared that a large buyer got tired of the games and took out the wall in one fell swoop.

It appears that the games are done for now, and the ask looks rather thin up to and including $1.70.

Bullboard Posts