The Real Facbjne stated this in a post yesterday ......
Either way we are looking at some rough times ahead after all if huge news was coming why sell 50 million shares now for .39 when they could just sell 50 million shares for $2 to $3 bucks.
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This is what puzzles me , as well.
Let's assume anonymous has inside knowledge regarding the company .That would presumably mean they have an understanding of buyer interest in this deposit , any plans to move to production as well as In depth understanding of the parameter/ metrics for the ore body .
If these things are viewed favourably ,selling now just doesn't make sense .why not wait to maximize your return .
Given that there is constant selling in volume , I can only conclude
1. They simply need money ( if they are even getting rich with such 1-2 cent returns )
2. They know the resource is not that valuable and they need to keep a low sp to try and attract some buyer since there is no desire to move to production .
if #2 is indeed the case, I thing we can expect a quick sale for maybe 2-3 cad per share
with minimal run up in price
Hope my thesis is completely wrong but with so many shares now it is hard to see 5+ dollars/share ( 800- 1000 mil buyout !!!)