That is true but if you have a look at how the events unfolded it was the traders who started the frenzy on Thursday.
Someone said Credit Suisse bought 6m @ 16.6c
that would have been 4-5 days after the news.
40-50m hits at 5-6gpt with a GP @$2350 by a company with 1.7m oz already and just completed a major drilling program
There shouldnt have been a sell order under 10c yet alone allow 20 percent of the register turned over in 1 day below it.
Even on the next day after 200m shares traded guys were talking of a pull back.
Blind Freddy should have been able to see how this was going to go.
Ann: Investor Presentation - Hemi Dicovery Mallina Gold Province, page-98
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$1.37 |
Change
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Mkt cap ! $3.283B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $6.904M | 5.005M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16964 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 114660 | 6 |
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