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Hercules Silver Corp V.BIG

Alternate Symbol(s):  BADEF

Hercules Silver Corp. is a Canada-based junior mining company. The Company is focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho. The Hercules Silver project has approximately 4,246 acres located in Washington County, Idaho, just 2.5 hours northwest of Boise International Airport by Highway. The Hercules Silver property is a low-risk developed asset boasting 28,000 m of drilling in over 300 shallow historical drill holes and four other developed targets along strike. The Hercules property is located on state land with grandfathered mining, milling and exploration rights in Idaho.


TSXV:BIG - Post by User

Comment by CaptainMon Apr 25, 2024 8:38pm
55 Views
Post# 36008457

RE:RE:RE:RE:Where are the shares coming from?

RE:RE:RE:RE:Where are the shares coming from?Correct, we will never know who anon is and wether it is related to escrow or not.  But, please note that since the stock began trading (3 years ago), never has there been back-to-back/consistent multiple days of Anon selling volume greater than 50% of daily volume until exactly on the day the escrow shares became free trading.  Correlation is not causation, but given the large number, 8.6 million,  of shares coming online, it is very likely the case that it was the escrow shares that were sold.

I will wait and see if the next several days exhibit similar selling.  A one-off day is not a trend, but if the consistent pattern returns than it MAY indicate that the escrow holders took a break and now returned to selling some more shares.  The selling by Anon since March 20 were consistent for many days until April 17.
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