Royal Nickel Corp. RNKLF

Closed at $0.51/s, vol: 12.12M shares

[goldhunter11]

Accoring to stockwatch, total trade was 12.12Ms (~1/2 of yesterday volume), with the TSX accounts for 4.5Ms (~1/3 of the total, just like yesterday, while some of the other exchanges were trading at high volumes). There seemed to be some game being play (many posts indicating trades at 500s every 10sec). This kind of trading must be computer trading (not sure what  trading houses are doing this). This kind of trading would be designed to keep the price down while a large block of shares is bought for some client. Unless, they can absorp the commision fees (or the purpurpuse is also to collect the commission and pass it on to the client) which could be a large sum for some 2000 trades/day x $5/trade = $10k in commission for 2000 trades x 500 = 1M shares (commission is equivanlent to a saving of 0.01/s). Is it worth the effort? Perhaps, others with experience in this kind of trading should step in to explain this further.

Another point is, looking at the trading activity of the TSX, the SP went down from 0.53 to 0.51 starting around 3pm. During the 1 hour period before closing about 1Ms (half of that was in a block at 3pm)  were traded (total trade for the day was 4.5Ms). Any other explanation for this besides some one decided to take some profit?
GH11 
https://www.stockwatch.com/Quote/Detail.aspx?symbol=RNX&region=C