GREY:RSERF - Post by User
Post by
bendystockon Feb 25, 2016 12:24am
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Post# 24592745
Scotia Capital Inc. Buys 270,000+ Shares in 5 Days
Scotia Capital Inc. Buys 270,000+ Shares in 5 DaysScotia Capital Inc. has been buying the majority of the shares traded over the last 5-6 days.
Stockhouse records show Scotia has purchased 270,000 shares from February 19th - 24th, the majority of these at around .36 and at the end of each day.
Another 80,000 were purchased from the 17th-18th but I don't have the data as to who purchased these.
Not sure what this means, maybe Scotia thinks that at these prices and with little time before the A2A negotiation deadline management is a good investment to get a deal done.
Possibly Scotia is more aware of REO than they would be of most companies this size due the fact they have an analyst covering (and expecting big things out of) Reservoir Minerals (RMC).
Let's hope that Scotia is more informed and knowledgeable about REO's near term potential than those willing to sell shares to them at these prices.