Interesting SP ActionOn any given day over the past several weeks, the SP action on both the US & Canadian exchanges looks eerily similar. Anywhere from 400-500k shares trade per day with roughly 75% of the action on the US market. The pattern usually goes as such: Starts the day at 59-60 cents US or 77-79 cads and hovers in a 2 cent range throughout the trading day. Seems to stay in that range every day, even as the price of copper inches up and stays solidly over $2.90 US. Today we had a strong rise in spot Cu, closing out at $2.9477 and what happened to the SP? Well, down 2 cents of course! Those that are rightfully on ignore here due to wasting our time by posting the same rants multiple times every day, thus becoming boring and pestering like unwanted gnats, always argue the same old line...management is to blame, they aren't massively loading up on shares, Florence will be an utter failure and so on. Myself and others see this pattern differently. One in which a certain entity, or entities, are working together to keep the SP in place as they continue to accumulate shares.
Quite honestly, my biggest concern is exactly what NF pointed out a few days back in that once the accumulator(s) have a large enough position, they just well may initiate a share tender scheme that limits our positions as 2-3 baggers instead of 5-10 baggers, or, equally as bad, an inability to keep our positions long term during the upcoming years of serious Cu price appreciation.
So, my question for my serious peers here on this board is this: What do you suppose management's plan(s) is / are to combat this type of scenario?