Greetings Dan...
The question that one should perhaps be asking himself is:
"If Kinross will be commencing drilling of the Railroad next month, AND taking into consideration the gold values assayed to date, WHY would ANY individual present the illusion that they are selling any significant number of shares at this particular point in time..??"
It doesn't present itself as a logical move...The downside is minimal at this time and the upside, for all intentional purposes, can be left to the imagination...
For the above reason, I don't buy that "fund" explanation...It's as weak an argument that can be made and should have been backed up with some rationale or else not even brought up...
IMO, what we are experiencing is a classic "shake-out", by "running a box" on the stock......Someone is putting a lid on box at the stock price at .35/.36 ...And someone is hitting the bids to discourage any action on the stock at this point in time...And, with the recent low volume of trades, it ain't gonna cost them much of anything to continue this charade up to the last possible minute...
And that, in my opnion is what is taking place...You don't run a box on a stock to dump stock, you run a box to maintain the stock price in a certain range for two particular reasons, i.e., to discourage any significant buying activity and encourage Joe Public to sell his shares..And, that my friends is called a "Shake-out"...
And, that's my .02 worth...
Regards....Ray |
