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Bullboard - Stock Discussion Forum Providence Gold Mines Inc V.PHD

Alternate Symbol(s):  PRRVF

Providence Gold Mines Inc. is a Canada-based mineral exploration company. The Company is engaged in the process of exploring and evaluating its mineral property located in California, United States. It owns 100% interest in Tuolumne Property. The Company’s gold mines consist of seven patented stake mineral claims and 22 located claims, encompassing an area of approximately 324 acres, which... see more

TSXV:PHD - Post Discussion

Providence Gold Mines Inc > 4.765.210 shares traded on tsxv
View:
Post by 2021Gamble on May 05, 2023 9:09pm

4.765.210 shares traded on tsxv

Yup, that's right, that's the volume of PHD that has traded on the tsxv since the 52 week low was hit on 10/18 last fall (I had to cut it off somewhere, and that seemed like a great place given the unusual milestone and subsequent activity)

So, on the tsxv alone (excluding ATS and prrvf), PHD has traded 4.765.210 shares.

That equates to 7.7% of PHD.

I post this because I don't consider than illiquid trading, on a stock where we are waiting on financing and drilling to propel the stock higher - and likely much higher.

On another note, the tracking spreadsheet I put together from the tmx websites daily record ( here if you don't know it exists:   https://money.tmx.com/en/quote/PHD/trade-history ), has BMO buying over 3 million of those 4.7 million shares....

So not only does BMO represent over 63% of all purchases on the tsxv since 10/18, it appears 5% of the company was just accumulated by someone buying through BMO.

I dug into this data a little this week when the insider purchase from Ron was posted on Sedi... and that I would share it you folks...

Of course, this is only top line stuff, but I can tell you, it's really interesting when you also combine it with the short transactions that have occurred at these lows (although the likes of @kozmot will have you believe there are no shorts)....

So....do you know anyone that was away from their trading desk the week of Dec 11th, 2022  the first 2 weeks of January 2023 and for a week after PDAC this year during March break ???

Cheers folks

And to all but the trader(s) playing the stock.... Have yourself a great weekend
Comment by givemeabreak1 on May 05, 2023 9:57pm
Gamble  I want to hope you are not a stupid man!  So you understand you can manipulate statistics to prove a point right?  That is alot different from using statistics to demonstrate a story.  It is like the real estate agent that says sales in his area were up 50% this past month.  Not a lie however, the story is the previous month there were only 2 sales and this month ...more  
Comment by KozmoT on May 06, 2023 11:24am
And his "stats" don't take into account Wash Trading ... look at the last week's worth of trades, over half were Anon as both Buyer and Anon as Seller.
Comment by KozmoT on May 06, 2023 11:17am
Dude,,, I still can't tell if you are even being serious.  
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