Minera Alamos Inc V.MAI

Volume

[Arbutus22]

Any ideas as to reason for volume spike today?

[deepthinker63]

Fear.  The Mexican guvernmrnt is seizing US-owned energy assets and Biden admin is doing nothing to stop it.

[deepthinker63]

Needless to say, Trudeau would do even less.

[Arbutus22]

Okay, so retail investors fear that the Mexican energy asset grab will spill over to a commodity grab. Even assuming this thinking is accurate, the Mexican govt is sending a statement to US govt. MAI is Canadian owned, has a lengthy history (and presumably strong contacts) with Mexican government, and is not an energy play. With gold finally breaking through (but not yet holding 1800/oz), and MAI

[Arbutus22]

We have a definitive answer re: extraordinary volume and sp weakness: Osisko (insider) sold 7.6m+ shares. Guessing one or more other insitutional buyers were lined up on buyside; if sold into retail, sp would have been hammered. https://www.canadianinsider.com/money-moving/2021-10-26/public-market-insider-selling-minera-alamos-mai

[Bluetick]

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[Bully88]

looks like osisko's sell off is over.