Post by
cbew on Jun 18, 2023 1:36pm
Selling May BE DONE!
So I just got an answer from Mr. Forbes about the recent sp dump and unusual trading with DSV lately and here is the response I got back:
Hi xxx,
Yes, there has been some odd trading activity of late. We experienced a major downweighting in the SILJ this week which required the sale of 3.5M shares. Often in the lead up to this there is significant volatility as funds try to position themselves ahead of this trade.
Aside from that we are not aware of any major institutional selling the stock and everything is going well on the ground in Mexico. We will look to put out an overall project update in the next couple of weeks supporting that statement.
If I hear anything else on the recent trading activity I will let you know. Rest assured though the project is progressing going well and importantly we have the cash to take us all the way to a construction decision toward the end of next year so we do not need to finance anytime soon.
Warm regards
Forbes
If that is the case then the constant selling in DSV that I and many others have noticed ( even on days where the Ag prices have gone up) may be ending soon or have already ended. In my reply to Mr. Forbes I also mentioned the Mexico issue and made a suggestion that they address this issue to help allay fears in their upcoming update. Anyways, I'm glad we now have an answer for this developement. With this recent developement imho this may be the last chance for some to pick up some cheap shares before they go up again. Get them at prices below what even what the CEO Mr. Makuch paid in the last financing done at $1.20!
Comment by
Donwaan on Jun 19, 2023 11:06am
It looks like you my have called it cbew, thanks for posting your communication with management!