Acadian Mining Corporation ADAIF

someone is really dumping the stock today

[Knuckles2]

I guess we'll have to wait a little before we see 14 cents

[Quimby]

[YeOldGoldNugget]

strange? Very strange?Don't really get this. Must have some reason?Why dump today I ask myself?Also chart wise, this was nowhere near oversold, neither stochastics nor RSI, for what that's worth with this little junior.Maybe letting of some steam before releasing results?Creating a better entry for some?Who knows.Story hasn't changed.Wish they would release something about what

[ACESover]

....Dumping? Let's put things into perspective. With 15 minutes left in the trading day, ADA has traded roughly 400,000 shares and is even on the day, that from a company with 500,000,000 outstanding shares. If ADA had 100,000,000 O/S this would be 80,000 shares "dumping" and I really don't see any concern. My guess is somebody needs some cash to cover another trade, or

[CarefulEye]

You're absolutely right, Ace. 400,000 shares sold at $0.08 represents all of $32,000. Some dump. Get real.

[Knuckles2]

Had to call it something and the word dump popped into my mind.  It's just that the day before we were throwing around numbers like 14 cents and then the market opens and I see 7 cents.It would be nice to hear some news from the new management on direction and some forward looking numbers.What will today bring us? We'll see.

[ingles]

Shares Outstanding: 491,691,616 MUST R/S

[Knuckles2]

A lot of those belong to the new Australian shareholder, I wonder how many are free-trading and in the float.  At 10 cents a share we have a $50 million market cap.  100 000 ounces of gold produced annually at today's prices makes over $100 million in sales or twice today's market cap. I also wonder how much comparable companies with resources in the ground are going for.