TSXV:NORA.H - Post by User
Comment by
carterZ21on Sep 26, 2012 9:51am
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Post# 20415191
RE: RE: RE: Buyout before Conference Call? Anythin
RE: RE: RE: Buyout before Conference Call? Anythin Hey Milsy,
The trading in OK as of late has been surprising to say the least. We released a positive Resource Estimate last Thursday, the last four trading sessions have resulted in over a million shares traded each day, and 3 out of the 4 trading sessions had the share price end lower, including ther day of the positive news release. I haven't followed trading very closely but have noted some quick intra-day moves down, such as in yesterday's trading session. There doesn't appear to be any reasonable explanation for the sell down other than some firms seem eager to drive the price down. I would be curious to learn if the moves down are on board lot trades at the direction of some algo. The POS hasn't backed off much, the RE is positive, initial research comments from McCoach and others (as posted by Smoker.....thank's to you Smoker) are positive, Cope interviews prior to the release indicate 4 serious parties kicking the tires, others small caps such as Silvercrest haven't sold off heavily lately.....what gives ? Maybe it is speculators that are dumping the stock figuring there will be a void of news between now and the PEA in Q1 2013, hence no reason to hold.
In any event, the Conference call should be a positive catalyst or a floor for the stock moviung forward.
Keep the faith...sorry for the venting...
GLTA longs
Carter