RE:RE:RE:RE:RE:RE:RE:RE:RE:From Joe Q:
Now that all the October warrants have been exercised we only have 375k November warrants left. As management, Tim Leslie and Canacol all seem to be holding their full allocations, what is your view on the relentless 50k to 100k daily sales? This has been going on for a number of weeks now and would seem to be the main reason the SP is struggling along in the high teens (UK Pence) in a high oil price environment.
Answer:
Very hard question to answer. My best guess is that two things are happening:
I believe it is people recouping their money from warrant exercises which will eventually wind down.
some managers solidifying bonuses before year end.
I will reach out to our financial advisors to see if they have any other insight.
What do you think?
Thanks
Joe