Large ATS trades yesterday At 08h00 yesterday
A lot of 8.23 millions shares was sold (around $12.10), marked as Z trade on the PURE exhange
A lot of 8.23 millions shares was sold (around $12.10), marked as Z trade on the CHI-X exhange
For a total of 16.36 millions shares switching hands.
Z trades can be one of: Bypass, Cash, Delayed Delivery, Delayed Sale, Special Terms. These cross trades are included in the volume, value, and transaction totals but do not affect open, high, low, last sale, and close prices.
This could be so many things but in light of the oustanding execution by GMIN's management and the ongoing Gold price increases I presume these fit in the Special Term sales category. After all we are talking about a $200 000 000 trade.
Anyone with thoughts on this one ?