GREY:MPRXF - Post by User
Post by
goldopportunityon Sep 15, 2014 9:06pm
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Post# 22938453
Just a quick update on the drama going on today......
Just a quick update on the drama going on today......Today trading in mgp had more to do with the u.s. trading of mprxf as some nervous nellie sold 5,100 shares for 2 cents (u.s.) lower than friday's close. In the hopes of scooping up some cheap shares, the "vultures" took away bids below the surface but they were unsuccessful in their quest as no other shares traded. So basically today's action (or lack thereof) in mprxf in the u.s. market was just drama and that's what can happen when bidders "smell blood" in a sometimes thin market. The cdn bid at C$0.095 was relatively well-bid throughout the session, albeit about a third less than normal, and like the u.s. the underlying bids were rather thin. Jmvho.