Santacruz Silver Mining Ltd V.SCZ

another $1 Million day

[VoxContrary]

although it's $1 MM CAD.

[bazbuz]

                                                                                                                  &

[Blazesb]

Total volume of 2,569.000 shares traded on all exchanges today.  The warrant and options holders from last fall's 9 mil private placement are unloading.   No big deal.  Silver will not be held down.  Neither will SCZ. 

[VoxContrary]

I'm just a layman, but if high volumes are driven by sellers, then why did the price go up? Who are the buyers?

[Blazesb]

The buyers are retail.  The sellers are warrant holders and option exercisers who obtained their paper for .10-.20 in last autumn's 9 ml. private placement or in earlier placements.  They're happy to take their profits and move on to the next private placement.  

[VoxContrary]

I see.  I guess imbedded therein is an explanation of why volumes have been so low.  There is little  agreement between buyers and sellers as to what the market clearing price should be. I had a limit order to do some profit taking at $0.45, which was partially filled a few weeks ago.  However, the bulk of my shares are only available to buy at $2 or higher, which implies a

[Blazesb]

Vox, yes there is so much noise going on in all market sectors these days that SCZ sells at .40 with silver touching $28 every day.  Ignored in a way except by warrant/option holders. Your $2 selling price is realistic for a longer term scenario...however long that means.  . I don't intend to sell this year and not next year either though that depends if silver makes its expected

[tarnoir]

Yes, suggest taking advantage of the weakness. The launchpad is being established.