I ran the month by month house positions for 8 of the largest houses that move in/out of MRY all the way back to January of 1998. By far the biggest net buying over this 23 month period has been through Sprott (up 2,535,400) and Nesbitt (up 2,830,130).
The vast majority of the Sprott buying has been for the "Thomson Family Trust" who now hold over 11% of Mercury. The gentlemen at Sprott buying for Thomson have an excellent track record of picking great developing tech companies for their best clients. One of their best picks was Certicom (CIC on Toronto). Now there's a chart worth looking at and admiring! See: investdb.theglobeandmail.com
What has also definitely caught my eye is the VERY strong buying through Nesbitt. They've actually now outpaced Sprott on the buy side (not an easy feat to do!). In particular, they have been buying a heck of a lot of shares since the beginning of November. During November they bought 340,650 shares. In the first 3 days of December, they've already bought another 119,430. What is really nice about this very strong Nesbitt buying is that they are buying so much already in December, more than willing to pay prices up in the $1.40's. At the risk of stating the obvious, I would say that this is "informed" buying.
Without any question, I maintain that MRY is the best stock I know of from a risk/reward perspective. As far as any rise in share price, the strong (informed) buying by Nesbitt suggests there is much higher prices to come.
Regards,
Kevin |
