Allied Nevada Gold Corp ANV

READ THIS!!!!

[JoeBlo]

Here is an excerpt on a report on the CDNX. Looks like many small caps (such as ANV)are candidates for becoming extinct. But they deserve it since they did it to themselves. Canadian Press via COMTEX December 6, 2001 Dwindling trading volumes and liquidity, the resignation of its president and ongoing regulatory troubles all spell disaster for the Canadian Venture Exchange, critics say. "I think the CDNX, because of bad regulation, is very close to being a dead issue," Canaccord Capital chairman Peter Brown said Wednesday. "I don't believe, unless somebody does something, that we will have a viable market for small-cap securities in Canada - which will be hugely to our detriment," Brown said from his Vancouver office. The last year has indeed been troublesome for the two-year-old junior stock market created in the consolidation of small-capitalization equity listings from the old Vancouver, Alberta, Winnipeg and Montreal exchanges and the Canadian Dealing Network. In the first 10 months of the year, there were only half as many transactions as last year - averaging about 5,000 a day. The average share price of companies on the CDNX is 33 cents - again less than half of last year. Daily volumes are down 30 per cent. The woes of the CDNX come as Canada's senior equities market, the Toronto Stock Exchange, attempts to merge operations after taking over the CDNX in May for $50 million. Since then, almost half of the 260 CDNX employees have been let go, including many senior officers. More serious than a down market and takeover hiccups are issues such as the dwindling number of independent brokerage houses that finance small businesses, says Brown at Canaccord. "I think there may be now too few participants on the finance and trading side to provide the critical mass needed for a viable small-cap market," he said.