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Bullboard - Stock Discussion Forum Northern Lights Resources Corp C.NLR

Alternate Symbol(s):  NLRCF

Northern Lights Resources Corp is an exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona; and the Medicine Springs silver-zinc-lead Project located in Elko County Nevada where the company is in joint venture with Reyna Silver Corp.

CSE:NLR - Post Discussion

View:
Post by ValuePro on Nov 16, 2022 3:28pm

What the ---

At this moment, NL is down 20 percent in Canada on large volume but up 22.5 percent in the US on MONSTER volume.   

I've never seen anything like this, and can't even guess what it means.  
Comment by Backstreets on Nov 17, 2022 7:15am
So basically same SP as pre 10 -1 rollback, brilliant. Did somebody get a whiff of bad news ? Is so called debt holder lashing out again ? Enquiring minds want to know.
Comment by ValuePro on Nov 17, 2022 4:57pm
Today it traded on significant volume too.  And while it was up 25 percent in Canada, it was flat in the US.  Where can the volume be coming from?  I've no clue. 
Comment by ValuePro on Nov 18, 2022 12:50pm
Same funny stuff today.  I suspect NL has become a target for arbitrage. 
Comment by ValuePro on Nov 21, 2022 4:17pm
Different today - up in both markets;  25 percent in Canada, 10.2 percent in the US.  I still suspect arbitrage. 
Comment by ValuePro on Nov 22, 2022 4:26pm
Once more, looking like arbitrage.  Northern Lights closed down 20 percent in Canada (to C$0.02) and flat in the US (to US$0.02).  Moose bucks are around 75 cents to the dollar, so these recent trades are playing the differences - drive the price up a bit in one country to encourage frustrated holders to sell.  Buy those shares on a day when the US is not looking.  The next ...more  
Comment by ValuePro on Nov 22, 2022 5:28pm
Here's a re-editing of part of the previous message: "The next day, the price in the US seems cheap at the open.  It goes up on parity.  Sell it there.  Repeat in different ways so long as someone else is unknowingly participating."