GREY:ALXDF - Post by User
Post by
goldopportunityon Feb 28, 2018 6:24pm
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Post# 27639996
Fwiw........
Fwiw........Alxdf closed at usd .07412 = cdn .0949 (boc 1.2809 close)
The big thing with alxdf was the meagre volume. My gawd.....only 6K! But strategic moves by the players involved was like a chess game. First, I suspect it was an mm idiot that threw out the 1K fake-out low. A mexican standoff ensued for more than 4 hours between very greedy bidders and very patient sellers. The almost .015 spread thru most of the day clearly signalled that alxdf was in demand. Remember, the wider the best bid/ask spread the more they want your shares. Finally, we saw a trade at the print, and sp finished up 9% with a beautiful white candle.
Azx closed unchanged (cdn .095) and stayed within a narrow half-cent range. Somewhat steady trading throughout the day. Smart money was accumulating.
Second day of lower stairstep volume in both stox. Incidently, the last time alxdf's volume was as low as today was around christmas, just before that nice pop into the end of january. Just sayin'.
Bottom-line:
What happens tomorrow? Well, with pdac starting sunday, it wouldn't be a stretch to think that we'll maybe get the gold assays from the remaining 23 holes, and perhaps an update tomorrow or friday. The market I think has probably already factored in that the resource estimate won't be out till possibly next week. At any rate, we're going to be getting quite a bit of news and gold oz to digest in the next litte while.
If we DON'T get any news tomorrow then I would think alxdf would trade within today's range. Same with azx but it may close down a half-cent as a subtle nudge to alexandria.
We're so very close to getting a series of NRs that may very well be life changing for many of you. We're about to find out just how grossly under-valued alexandria has been for all these years. Easycoder has remarked for eons that it's not the # o/s, it's the market cap. And you know what, he's absolutely right. Most of you have been very patient, others have cut-tail but still haunt the board with their bs. Soon all will be told.
So we'll see what happens, folks. As usual, just stand your ground. Jmvho.
goldopp