Post by
nozzpack on Jul 30, 2021 6:20am
More small block buying
One gets the impression that we shall soon be at the bottom of the barrel.
Get the cheapies while you can,,
Comment by
undervalue on Jul 31, 2021 10:51am
Just speculation, but, Burgundy is likely the seller. They have a lot of stock to sell. I agree, any retail buyer can get any amount of stock at 43 cents. I sat with an unfilled bid at 42.5 this week, then paid up. Madison tends to pay low 40s. You can bid 41 in case of a cross, but, it really is penny foolish probably.
Comment by
nozzpack on Jul 31, 2021 6:24pm
Burgundy had 9.76 m shares on April 16 2021. A large chunk of this ....about 5.3 m shares....was bought in a insider block trade subsequent to this. Since then there have been substantial buying by non insiders whose records are not reported on SEDI. So, maybe not much left..
Comment by
bigreturn11 on Jul 31, 2021 11:21pm
A total of 11 million shares (+/-8% of outstanding shares) have been bought in large blocks by Madison or Geoff Scott since April 2021. A total of 23 million shares (all Madison or Geoff Scott) have been bought by insiders in 2021.
Comment by
nozzpack on Aug 01, 2021 5:51am
Burgundy was no longer listed as an insider on April 16 when it had sold enough to slip below insider reporting. It has 9.78 m shares then, It makes sense that it continued to sell its holdings since then. Osmium remains listed as insider with no selling.