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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: Anchan4/12/2007 2:56:48 PM
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Loud note to self: CEE.TO (Centamin Egypt, a LT position of mine on the ASX), which has been trading on the TSX only 3 days, is down 4% to C$0.91 -- but on huge volume of 3+ m shares. To me, that means that there are a bunch of insiders with stacks of shares from exercised options, or institutional holders of long standing, who make use of the much more liquid TSX (compared to London's AIM or Australia's ASX) to make some cash. My surprise, then, is that CEE.TO is down ONLY 4%.
Thus, there seem to be big-lot buyers, too.
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