I think the data shows that, as CG did the raise, clients of CG are selling from their CG accounts. That’s all. I don’t believe CG took any of this for their own investment account. It’s just their clients selling. Can’t blame them. Had a good run and so a few are taking some off the table.
Additionally, it doesn’t capture the action from the 6th when the assays were released.
So while it’s not the best data, it’s not entirely relevant. People that live and die by broker data often get it wrong. I was in a jnr gold developer recently that was bought out. The broker data leading up to that TO was horrendous. In fact, I know people that sold in the week before the run because of the broker data. Huge mistake. Huge.
Yes it’s a factor but it’s not THE factor and one must consider all the variables and the context for data like this. At the end of the day, the broker data will be irrelevant when the assays from hole 2 are published. I think we’ll have some very broad hits and it will light a fire. That’s all that matters right now.
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