Steve,
I am not quite sure how the Toronto Over the Counter works. I discount trade on line with a Canadian Bank with information from Canada Stockwatch. It works great for stock market (TSE, VSE, ASE); but when you get to the Toronto Unlisted, it is something else. To the outside guy it gives the appearance of a guessing game. The only way I play it is to track the activity on Stockwatch and place bids based on this activity. Usually the stock hits the 9's and 10's for what looks like odd lots and weird combinations,like 145,000, 4500 etc.
Anyway, even if we pick up 10,000 at 11 or 12 cents it's only $200 different. I am hopeful(speculating)that should something be announced with Northfields/Placer Dome that this $200 would be easily recovered. And for those of us who picked up shares at much higher levels, it would be an opportunity to recover some lost equity.
Again, last time I talked to NFM, over a year ago, this is what they were waiting for. NFM's property is about 15 times larger than Canuc's so there would be lots of room to do the open pit thing if that was deemed to be appropriate.
Northfield had an excellent week last week, trading over 3,000,000 shares and increasing over 8 cents to 23. It should be an interesting week next week. Over 2,000,000 traded on Friday with no announcement. Camoflaged perfectly with the improvement with the increase in the price of gold. The last two Canuc trades on Friday brought it back to 11c was like for 75,000 shares. It is also interesting to note that Canuc rose to 60c in anticipation of the announcement of two holes that turned out nothing. Lets see what the upcoming week brings!
Don't forget to keep an eye on NFM-T and the NFM SI thread.
Cheers Winzer |
