No UBS dump = low volumeNo dumping of the stock from the US today, consequently volume is much lower. Nice to see a large quantity of stock on the bid side for a change. Last time there was no UBS or PI dumping the stock rose up to $0.12 over a couple of days only to be hammered again after the news release. A conspiracy theorist would believe the US seller is not dumping due to PDAC this weekend and likely some news coming out soon with respect to the mine achieving full production and another financial partner. That type of news would bring in more buying giving them the chance to sell much more stock.
As for the mine producing under 18 oz/ton, I do not think that is accurate. Last I spoke with IR they stated the mine was producing on average 20 oz/ton silver. Do not know the reason they left Teck but will see them at PDAC on Monday and will follow up with them at that time.