Post by
Lunchisforwimps on May 15, 2014 2:01pm
PAO Trading - Mud at the Wall
Some mud at the trading wall: Anonymous is responsible Seller for majority if not all selling. Could be a fund from the original SEMAFO Gondwana institutional/brokerage crowd that did the original African mining financing have lost patience and/or does not like the whole geo-political Nigerian terrorist school girl thing acting like school girls. Use of the Anon marker is often a fund or broker who does not want to burn bridges (oh the shame of it all). Could be a troubled fund or a fund who has to sell penny assets below a certain valuation. A former Pan African private Co. shareholder might have called it a day. Could be PAO positioning a new player or players. Normally that is done as a cross. Not so likely but who knows as it could be amateur hour. Approximately 3 million shares were bought with a very strong buyer response. There was a larger garden variety of buyers than normal for PAO. An insider bought 100,000 at $.06 earlier in the week. First insider activity in a long time. We shall see tomorrow on insider.com. The company is not active enough to have terrible news. Wine has indicated he will not finance a deal at this level. Not likely to be a dilution sell concern. Pao is not for the faint of heart and patience may be rewarded.