Bear Creek Mining Corp V.BCM

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

Metals & Mining Industrial Metals & Minerals

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.

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Bear Creek Mining Corp

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Comment by fleeinggrandichon Sep 22, 2012 9:24am

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Post# 20399402

RE: RE: spike in price

OK I looked it up, and BCM wasn't sold down by one major shareholder.

It was sold off by about 10 small-fry.

Here was the insto ownership of BCM as of Aug 14th:

https://myownmarketnarrative.blogspot.ca/2012/08/watch-as-newbie-retail-tries-to-figure.html

Here's the insto ownership updated:

https://cart.morningstar.ca/Quicktakes/owners/MajorShareholders.aspx?t=BCM&region=CAN&culture=en-CA

You'll see the bottom 11 institutions have all sold.

Which makes more sense - the crash in BCM did look a fair bit like a stampede for the exits. And selling does get more desperate when a bunch of people are all competing to see who can bottom-tick the stock.

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