Hello Steve and others, What do you read into today's activity? There were 16 trades for a total of 523,500 shares traded. Or ~32,000 shares per trade. Since my Canada Stockwatch subscription only allows me to see the last 10 trades, this is all that I can analyze. So for the last 10 trades, @12c there were 4 trades (100, 10, 100, 30 and 30), @11.5c there was one trade (1) and at 11c (20,50,24 and 20).
Thus it appears that the total volume is increasing, the size of the blocks are increasing, with the blocks at 50, and two at 100 being drawn to your attention. I think that if this was a case of off-loading that the shares would be in the 1-5c range; but where it has maintained it's level (built its base) over 10c, it could be accumulation (my speculation only), usually by insiders and those in the know, that something will be announced pretty soon. And if I were allowed to speculate, it could/would be the terms of the return to mining, the consultant's report or possible deal with neighbour; any of which would be seen as positive.
We don't have to go too far back to see an example of this. The last episode was for the announcement of the drill results of the two holes. This resulted in the stock vaulting to 60c on the anticipation of the announcement, before the "bad" news sent it back down.
I continue to believe that Hub and the boys are working very hard, despite the POG and the "disappointing" drill results to improve shareholder value. Disappointing from the point of view that Placer did not find a widely disseminated type ore; despite the fact that the history suggested that the ore was concentrated in pockets/pods.
Again, I could be wrong, and I could even loose by averaging down and even accumulating at these levels; but I remain confident that based on the past history alone, that Hub will deliver the goods to the shareholders, and soon! Someone(s) seem to be betting on this interpretation of the possible outcomes.
Cheers Winzer |
