Post by
lifegoeson on Aug 29, 2021 9:53am
Someone in Canaccord wanted out near the end of the day.
Someone from Canaccord wanted out of TOC with minutes to go, they pressed the button (or should I say the computer did it) and keep executing small orders driving the price all the way down to $0.94 before getting filled. I suspect this could bounce back with a few trades very quickly. RBC also joined in and sold a few shares. Nothing has changed as far as I can tell, their last update was good, I guess people are getting tired and hoping to get back in later at lower prices. Good luck, this stock is thin and it might be a bit more difficult to purchase a large position, I suspect it is just best to hold, perhaps buy a few more if cheaper paper comes out, and wait for more drilling and results. An economic 43-101 resource will be determined once the bulk sample is completed. However, a back of the envelope calculation from the grades thus far, and knowing what other mines in the area are economical at a cut off of 0.41 g/t, I suspect the smart money will just wait for better days ahead.