ParadigmMore selling by Paradigm this morning. Consistent. I think it's going to be very profitable for us.
Here's why - More than 50% of Tudor Gold is held by insiders. This includes the Storm Trust, Mr. Sprott, Teuton Resources, insiders other than Walter Storm who invested at the IPO, and several diamond hand holders who will not vote in favor of a takeover unless the stock is valued appropriately. There is no low-ball takeover scenario that I can see.
As a result, the steady selling and any other downward manipulation games being played is not designed to get Tudor Gold for a lowball price as a buyout. It's designed to have someone accumulate the stock for future appreciation. That might as well be us.
The most nasty, recent selling of Tudor stock has occurred since the higher grades were reported this year to the northeast side of Goldstorm along with the big stepout hits. It is now clear that the big picture is much different than the initial "low grade, large volume" system we were seeing in prior years. So now, some new interest and some new trading games have also appeared, along with some new, more aggressive trolls on the bullboard (which is another important signal that something is different).
This trade for me (along with Teuton) is a great learning experience in Canadian junior gold exploration stocks, in an environment that completely lacks any regulatory oversight whatsoever. If I can learn to trade in a corrupted environment like this successfully it will be a big win over the long term. The reason being, there are some other stocks that are looking similar. When I sold Eskay Mining in March I got an average of over $2.60 US$. Today, it's down to $1.12 OTC. 56% down. During the same period the price of gold is down less than 20%. Eskay's prospects are good in the area south of the old Eskay mine. They bought nearly 20% of Garibaldi from Mr. Sprott and may see something there as well. But the troll activity is much more sporadic than this board. I bet that changes if they report good drill results. We'll see.
Either way, I have to consider investments like this to be long term. "The market can stay bad much longer than you can stay solvent." So cash is king and whatever I put into this market, I'll maintain at least a 50% cash position overall.
Do your own DD. GLTA. Doug