His options at $2.20 are out of the money and he needs them up in a hurry before they all expire.
Looks like it will be another good night for metals and another good day tomorrow for CMR.
I saw the big buyer buy with at least 100,000 lots 5 times today. Each time he kept moving the bid price up until he got filled.
The 80,000 share buy by Swann at an average $1.11 will also add fuel to the fire. Its about time a director stepped in and put there money on the line.
Yee Hah !
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held