There were 453 trades yesterday , of which 23 trades at 3.1 cts totalled 3.36m shares & 45 trades at 3.2 cts totalled 7.7 m shares.
The average SP traded on 7th May was 3.35 cts
All the trades at 3.1 cts occured at close 4.10 pm
& almost all the 3.2 cts trades occured 10 mins before close. What does this tell us?
As usual this is the same tricks been played 5 to 10 mins before close most days to "artificialy" push the SP down (IMHO) probably to create the self prophecy of double top a few are talking about & force the naive to sell out.
Question we have to ask ourself. Is the fundamental of BGS intact? Has any of Directors or major shareholders sold out? Billonaires or their company don't usually pay a premium for anything. That's why they are billionaires. So, what makes Sprott Inc pay a premium to a junoir company? In my opinion, if they don't they will will never get the 14% holding in one hit. May have to bid/oay an even higher price.
So, conclusion is games & blatant manupilation going on to creat fear & soneone with deep pockets are accumulating shares at the expense of us, small fish. IMHO
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