A Leading Indicator
Coro Mining is listed on TSX, but its Head Office is on the world-famous Howe Street. I see Canaccord was buying & mopping up COP shares last week & this week. Canaccord or some who affectionately called "Canacrap" was the Master of Howe Street universe back in 60's and 70's when the Vancouver Stock Exchange was the wild and woolly epicentre of questionable penny stock issues and pump-and-dump promotions. In fact, in the 80's Forbes Magazine had called VSE "The Scam Capital of the World". But VSE and its successor TSX Venture exchange are speculative markets that have helped to develop a lot of first-class mining companies. Canaccord's Chairman Peter Brown was quoted in the Globe & Mail as saying Were the finest explorationists in the world because our exploration can get financed here. ...I have great respect for Canaccord with their insights and acumen in picking penny mining stocks. I deemed their buy as a leading indicator for speculative penny stocks that are ready to pop. COP is trading funny with thin asks, but higher than average buying going on predominated by Canaccord.