I wonder why????? NEWS Lack of? Its not the price of COPPER
Funny though the price of copper was $3.05 at the end of August shareprice closed at .56 cents.
Might as well say copper prices are a full 19.5 - 20% higher since then. That big jump in shareprice on Sept 3rd news took us too $1.67 on massive volume (4.67 million) over 11.4% of the float.
And then TECK news on the 14th of Sept took us too close at $2.40 on volume of 1.45 million shares. Copper prices on that day were $3.068
On top of that TECK bought :
In connection with the Placement, the Company has issued 3,739,316 flow-through common shares of the Company placed through a charity flow-through arrangement consisting of 2,786,666 at a price of C$2.88 per share and 952,650 at a price of C$2.78. The Company also issued 1,027,443 common shares of the Company at a price of C$1.95 per share.
Teck Resources Limited ("Teck"), who participated in the financing, now owns approximately 9.9% of the issued and outstanding common shares of Kodiak on a non-diluted basis. In connection with the Placement, Kodiak has agreed to grant Teck an equity participation right to maintain its pro-rata ownership in the Company.
Now that much money too TECK is NUDDING just a rounding error, but too us here its a big bonus. But i cannot understand why they are not supporting the shareprice somewhat in the last few days .
At least as of right now the shareprice is getting some bids behind it at these levels, but again I would really like too see alot more buying volume come into the picture frame.