GREY:ALXDF - Post by User
Post by
goldopportunityon Jan 09, 2018 9:29pm
153 Views
Post# 27319321
Fwiw…...
Fwiw…...Alxdf closed at usd .0658 = cdn .0819 (boc 1.2454 close)
Inside day all around. Alxdf saw slightly higher volume and traded in a much narrower quarter-cent range. Today's drop in gold I suspect played a part in tempering alxdf sp from playing catch-up with azx in reaching its 52-week high. Another reason was that buyers seemed to be calling the shots with their "insistence" that .064 be the best bid for pretty much most of the session. I should add that the size of the best bid increased notably in the last hour or so.
Nothing shy about azx today as its sp continued trading in a cent range. Good volume, albeit only slightly more than a third of yesterday's. Sp not only hit its 52-week high for the 2nd day in a row, but also closed there. Buyers "played" sellers by putting up low surface bid #s for most of the day. Then surprisingly and suddenly, in about the last hour of trading, the buy side appeared to have "blinked" and substantially increased the surface bid by more than 300K!! Nice....but wierd!?
Bottom-line:
The last nr with gold assays was more than a month ago. And its been about 3 weeks since we learnt alexandria is assessing strategic alternatives. No one knows the exact day when the next nr(s) will drop. But we do know it could be any day now. So don't let the pros knock you off.
Just patiently sit on your hands, stand your ground and we'll wait to see what happens. Jmvho.
goldopp