GREY:ALXDF - Post by User
Post by
goldopportunityon Oct 05, 2017 6:12pm
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Post# 26783253
Fwiw.......
Fwiw.......Alxdf closed at usd .044 = cdn .0552 (boc 1.2548 close)
Outside low, outside high, inside close. A lot of bullish things going on today, among them:
- we've already surpassed last week's volume
- more than 15% high-low spread
- second consectutive day with a higher high
Bottom-line:
Once again, idiot canaccord was on the narrow best bid/ask at the close, and the clown's fingerprints most likely were on that manufactured print. But we have to expect games like this while we zig-zag higher. The important thing is there has been consistent higher volume in alxdf since news got out about consolidation being voted on at the agm in a little more than a week.
The buying interest we're seeing means that the management-backed, consolidation vote (as easycoder said last week) will be YES.....as this is viewed as very positive. In fact, it could very well be argued that the market already sensed a consolidation vote. Hence the downward trend in the sp since june to adapt. And this was in spite of great assay news releases! So if I'm correct in this regards, then maybe we could expect a good bump next week before the vote in anticipation, and/or, a nice rally after the "yes" vote. We'll see what happens. Stand your ground. Jmvho.
P.s Btw, I've adapted to the idea of consolidation, and voted YES on the proxy. I fully trust alexandria's management to strategically implement the consolidation so that we get a higher sp.
goldopp