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Green Line unloading 44,900 shares from 0.60 to 0.51. Someone seems to have become tired of waiting for the action to begin - probably saw a chance for a tax-loss sale here. UKH and NDU are currently doing a "due diligence" exercise in preparation for their merger (standard procedure), which should be completed by next Monday, according to their CFO, J.C. Money's tight, but I was told the synergy between UKH and NDU is fantastic! Then, he added: Ideally, silver should have stayed around the high $4 range, then, when their deal to merger and financing was announced, THEN silver should have taken off! However, the feeling is that current silver prices will remain, and probably strengthen. I also noted on stockwatch that the number of shares offered at 0.51 fell from 10,000 to only 1,000. After a plopper like this one, the stock is no doubt oversold, and ripe for an opportunistic BUY! Finally, J.C. advised that the natives up in the Yukon are working hard WITH UKH and NDU to get their merger/financing completed. Even the govt. is giving them lots of leeway - an encouraging sign. Harry K. ... |
