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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: seventh_son who wrote (38477)	11/21/2006 9:54:36 AM
From: seventh_son	Read Replies (1) \| Respond to of 39344

According to posts on Stockhouse, BMD is doing a $30 million financing brokered by RBC, and RBC accounts were the ones driving the share price down the last few days with massive selling. So, that explains the otherwise seemingly illogical dive in the price. Fortunately, $30 million is not huge relative to the market cap of $220 million Cdn @ 2.74... RBC accounts might have sold to buy into a better deal or force a better deal, but the dilution involved in that deal would not account for the massive drop in share price of over a third. finance.yahoo.com