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Bullboard - Stock Discussion Forum Balmoral Resources Ltd BALMF

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

OTCQX:BALMF - Post Discussion

Balmoral Resources Ltd > RZW - And Why Is RBC Hiding Their Trading Activity?
View:
Post by AlternativeView on Feb 05, 2019 3:02pm

RZW - And Why Is RBC Hiding Their Trading Activity?

After my last posts, I talked myself into buying some more.  I did this through RBC.  BUt they reported the trade as "Anonymous".  And there were 3 separate Marker Codes reported.

R   Restricted Voting Shares Voting is restricted to a specified portion of the shares held.
Z   Cross - Other 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.

 W   By-Pass Trade Regulatory Trade – indicating the "hidden" or iceberg portion of the order was not satisfied. Depending on whether the trade was used to move the price down in accordance with UMIR, or the ByPass Cross was put up, it may or may not set the last sale price. Please use the K marker to determine the last sale price. They are also included in the volume, value, and number of transactions.
Comment by AlternativeView on Feb 05, 2019 3:21pm
Upon reflection, one answer might be that RBC is accumulating stock and does not want to drive up the price. So they filled my order in a delayed manner, with internally held, escrow stock, rather than sourcing it in the open market. Then they tried to cover their tracks by reporting the trade as "Anonoymous"
Comment by Chaulkdust on Feb 05, 2019 5:05pm
Actually this may not be that unusual. Given the small/low volume and once the order gets received by RBC it goes out to and however it may get filled. So it may not be as nefarious as it seems?
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