Post by
CommonCents123 on Sep 19, 2023 10:19am
HAS ANYONE HEARD FROM CLEARWATER RECENTLY...
I wonder what Clearwater is doing right now? I believe someone said they "quietly" bought 43 million shares in Sherritt. Are they quietly buying more? Are they quietly unloading their investment?
What about the sophisticated whale investors? Are they buying or selling?
GLTA - I think we need a miracle.
Comment by
FarmerSask on Sep 19, 2023 12:24pm
CC123, Someone is baling for sure and I'm just hoping it's not Clearwater. Its hard to know as they have to declare when they go over 10% but don't when they drop below. Hope it's just the market and economy doing this but it is a little scary. I'm holding tight right now and still believing (hoping) the nickle. cobalt, Cuba pricing and situation stabilize or improve.
Comment by
rkhosla on Sep 19, 2023 1:17pm
For the duration that they are above 10% they must report ALL transactions. Until they fall below 10%. I can assure you clearwater is still well in the money. I would not imagine they are liquidating. You cannot liquidate that kind of volume on this illiquid market.
Comment by
Contrarian333 on Sep 19, 2023 1:19pm
If you're a reportins shareholder (ie. 10% in Canada) you have to report your trades including any that take you down to and below the 10% threshold. See my post from this morning as to a possible explanation for share price weakness - the exclusion from an index will cause anyone trying to mimic that index (passive investors) to sell to match the change.