CDE down yet again 5.26% to US$10.45 equiv A$13.09.There have...

CDE down yet again 5.26% to US$10.45 equiv A$13.09.

There have been a number of loans that have recently been converted to shares and I believe that the number of shares to be received is was priced at a certain level however if the weighted price over the 10 days after issue drops below their issue price then more shares can be issued.

Perhaps this is a reason for its being held down sold off short to keep a cap on price. Although there has been pressure on Gold stock prices as well

Has been trading in Aust at a premium to the US/AUS conversion rate but that gap closed a couple of days ago.

Closed quite strongly at A$15.00 locally last night however it would be difficult to see this holding today given a fall of 5.26% in US market last night to US$10.45 equiv A$13.09

Will be interesting to see where it holds today.

Guess we are very much a small player in Aust and probably not subject to as much manipulation in the price as the US.

I remain bullish in Gold and Silver long term and see an opportunity for a small top up sub A$14.00 maybe today or later in month, if this trend continues.