Corvus Gold Inc. KOR

Strange day

[JAYDEE16]

House 76 goes on a pre long weekend buying spree, the stock looks like it is going to break 3.40$ and run to 3.50$ . Then just after lunch 2 houses kick in a 100 share selling algo that walks the stock all they way back down where everyone joins the party.

Market weakness , profit taking or a planned share swap? Hopefully the book is nice and clear tomorrow for a gap up open. It took consitent buying to break through that wall at 3.25 , would have been nice to see more follow through. Although with a thin float like KOR's we could have been down huge on a day like today. 

In any case the new buyers this morning are still expecting a nice return on those shares. Still thinking the magic number is 500million US.  I don't think this steady accumulation is for any less than that.

inmo of course
jayd

[ZippyBenji]

Nice to see house 76 still loading up, they aren't buying at these prices unless they are anticipating $5-6/share or more. With the volume of shares some parties are holding the only real way out of the stock is a buyout, the market is way too thin to absorb 8M + shares. I think house 76 knows exactly what is coming that is why they are grabbing the larger blocks that come out.

[ZippyBenji]

Van Eck Associates Corp increased their holdings to 8,748,003 shares as at Aug 31st, this must be house 76. Any insight who is behind Van Eck?

[JAYDEE16]

House 76 is Industrielle Alliance , they brokered the last deal at 2.60$ with Anglogold Ashanti. Private placements are not done on the open market. This is an attempt to corner the retail market imo. It will be intersting to see who sold shares today. Management can't sell atm because they are currently in a drill campaign. Maybe another insider needed some cash.

[JAYDEE16]

I also remember July 26th when house76 swapped 4 million shares at 2$ ango gold reported an aquisition 3 days later of 682 000 shares.. I don't think house 76 could be buying this many shares for an already existing insider without them reporting. Would anglo buy out as much of the float on the open market as they can and then make and offer?  What I would do to know what goes on behind

[ZippyBenji]

Van Eck held 6,645,003 shares back around Jun 30th according to the Corvus website. As of Aug 31st they hold 8,748,003 shares a net increase of 2,103,000 shares. When you look at the volume traded in that time period House 76 has to be the buying house for Van Eck? or am I missing something? Probably profit taking today so they backed off on the push. Also there are those negative reports

[LiquidForum]

Yea Benji i guess 76 could very well be middle man for van eck.....interesting.  I hope all the major holders play this one straight up and hold for the buy out.  Gawd damn if dupe us by spiking the price and then walking it all the way down to 1.50 again. I get the feeling the ounces, jurisdiction, potential, management and major investers makes tgis play different than the normal pump

[ZippyBenji]

House 76 or Van Eck have to know what is going to happen. Either they are involved in supporting the stock moving it closer to a buyout price or they know what is coming and it's still a hell of a buy at $3.25. The volume of shares invested also shows no fear of liquidity. The big play is probably with Anglo and Tocqueville Asset Management (who ever is behind them) both patiently sitting