GREY:ALXDF - Post by User
Post by
goldopportunityon Jul 02, 2018 9:13pm
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Post# 28260285
Fwiw……..
Fwiw……..Alxdf closed at usd .032 = cdn .0421 (fri's boc 1.3168 close)
Alxdf up more than 6%. 90K traded -- about 35% daily average. Only 3K changed hands at the lows. Volume picked up just after 1 pm on relatively solid buying at higher levels thru to the close.
Bottom-line:
So what happens tomorrow? Canadian exchanges reopen, while most u.s. bourses close at 1 pm, ahead of the july 4th holiday. I'm thinking opening alxdf bb will be under usd .03. It's possible today's momentum could enable sp to close last week's down gap to .033. We'll see. Azx looks likely to start with a cdn .035 bb. Both stox I think may close unchanged with an up bias.
Just a few interesting observations:
1. the latest short data for the last 2-wk reporting period ending july 2 shows azx short interest has decreased substantially from the previous period -- always a good sign for us longs
2. the same short data report shows prb.v having the highest short traded volume this year, even substantially higher than the gold stox selloff in feb -- this may indicate that probe could be about to announce where they intend to spend all or part of their massive cash treasury -- this means we may find out definitively if probe has interest in any or all of alexandria's assets
3. now that ES and sprott inc have announced their support of alexandria, I would think that AEM, teck, img and other major shareholders will also do the same thing before july 24
So we'll see what happens. Only the strong survive, so defiantly stand your ground, folks. Jmvho.
goldopp