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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Bullboard Posts
Comment by Heywood_Silverson Jul 02, 2020 4:28pm
127 Views
Post# 31217841

RE:RE:RE:RE:RE:RE:RE:RE:RE:Huge Volume and Huge Action Today

RE:RE:RE:RE:RE:RE:RE:RE:RE:Huge Volume and Huge Action TodayHere is how I generally gage the Canadian stock prices:

I determine the USD:CAD exchange rate and then apply that rate to the current TSX bid/ask prices.  The OTC market makers appear to have algorithims that track the TSX prices and the exchange rates in order to automatically adjust their bid ask spreads.

It might not be this way for every single stock, but for the most part the TSX leads the OTC.  As far as WRN goes, it seems that it just broke out the second there was no ability to sell on the TSX, which leads me to believe that for dual-listed stocks such as SVM, AG, WRN, THM, etc. the TSX guides the market makers pricing same as the OTC.  Only difference with the dual-listed shares is that since they trade on a large exchange stateside there are interplays of supply & demand that you won't necessarily find on the OTC side.

Just my two cents worth based upon my observations.
Bullboard Posts