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Red Eagle Mining Corp RDEMF

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.


GREY:RDEMF - Post by User

Bullboard Posts
Comment by SmokinWillieon Jun 13, 2016 9:19pm
231 Views
Post# 24962270

RE:Why?

RE:Why?According to Stockhouse, Red Eagle has 186.5 million shares o/s. If Orion Mine Finance owns 13%, they have approx. 24,245,000 shares. 

According to your figures, Orion sold a total of 282,500 shares over the 3 days of June 6, 7 & 8.

282,500/24,245,000 = 1.2% Orion is not dumping their shares, but appears to be raising a little capital. After all, they are a finance co.

They also sold fewer shares each day,  6th - 230,000, 7th - 42,000, 8th - 10,500 shares. It would appear they have complete this round of selling.  I am not concerned with this minor amount of selling.
Bullboard Posts