RE:Volume significantly higher, any meaning?OCM, it is really impossible to read the tea leaves with the SP given the lack of transparency especially with shorts not having to report on a daily basis. But if you look at the tape, you will see RBC is the largest seller almost every single day. In fact, in June (I believe) they sold 7.5mil shares alone. Yes, RBC is also buying but not nearly to the same degree. Usually you would expect the sells and buys to be more evenly spread through multiple trading houses.
So who has sufficient shares to sell millions over a few months? Well, there is FEC but they are not as they are insiders and would have to report. Management has not supported the stock price at all and that is shameful so it is not them. Then there is JDC which got about 15mil shares at 44c in lieu of debt and the same for Prospector, the Chinese company. I believe it is likely one of those two companies. Considering the Chinese are known for their patience and JDC went through receivership a few years back and who knows what condition they are in now, they could be flowing out their shares. 14.5 million shares from my recollect at $1.50 is about $20. That is 3-4X what they were supposed to get so they might be happy with that. If so, good riddance. We don't want them dumping 14 million shares if/when we get good news. If you look back to Feb, RBC has sold over 18 million shaers. Hopefully JDC has sold most of them and will be out soon. I think that is what is holding the SP down at the moment. I have no doubt that FEC would like to keep the SP below $1.63 so they can collect all the Rights but if leaks start happening with the Campanian target, I am not sure they will be able to keep the lid on. Here's hoping! My two cents.