130,000 oz of Gold / year - Q4 2009

Exploration & production. Properties in Nicaragua, Colombia, Panama & Russia

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Message: House Positions....

Surprised BTO didn't follow the POG. Sell in May and go away? FWIW still on the sidelines. SMF

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House Positions for C:BTO from 20140505 to 20140505

House...............................Bought.........$Val.........Ave............Sold.........$Val...........Ave..........Net..........$Net

85 Scotia 242,453 770,087 3.176 57,773 182,105 3.152 184,680 -587,982
79 CIBC 246,521 777,054 3.152 171,980 542,261 3.153 74,541 -234,793
39 Merrill Lynch 123,081 387,258 3.146 58,100 183,274 3.154 64,981 -203,984
2 RBC 96,776 305,504 3.157 47,231 150,113 3.178 49,545 -155,391
27 Dundee 49,500 156,867 3.169 0 49,500 -156,867
72 Credit Suisse 57,285 180,658 3.154 15,700 49,890 3.178 41,585 -130,768
80 National Bank 276,809 871,955 3.15 237,153 750,073 3.163 39,656 -121,882
7 TD Sec 319,299 1,004,864 3.147 280,605 882,540 3.145 38,694 -122,324
15 UBS 44,000 138,624 3.151 5,604 17,610 3.142 38,396 -121,014
124 Questrade 35,947 113,437 3.156 7,742 24,441 3.157 28,205 -88,996
9 BMO Nesbitt 35,958 112,732 3.135 10,800 34,200 3.167 25,158 -78,532
96 Blackwatch 20,000 62,800 3.14 0 20,000 -62,800
99 Jitney 20,900 65,705 3.144 6,000 18,910 3.152 14,900 -46,795
53 Morgan Stanley 24,417 76,675 3.14 19,300 60,741 3.147 5,117 -15,934
62 Haywood 5,000 15,699 3.14 0 5,000 -15,699
36 Latimer 3,500 10,990 3.14 0 3,500 -10,990
22 Fidelity 775 2,425 3.129 0 775 -2,425
14 ITG 633 2,018 3.188 0 633 -2,018
65 Goldman 61 195 3.197 0 61 -195
28 BBS 30 95 3.167 0 30 -95
89 Raymond James 0 61 191 3.131 -61 191
58 Qtrade 20 63 3.15 1,000 3,190 3.19 -980 3,127
101 Newedge 4,300 13,647 3.174 5,800 18,218 3.141 -1,500 4,571
59 PI 0 1,650 5,230 3.17 -1,650 5,230
143 Pershing 0 1,760 5,538 3.147 -1,760 5,538
3 AltaCorp 10,000 31,400 3.14 15,000 47,350 3.157 -5,000 15,950
19 Desjardins 17,256 54,663 3.168 23,350 73,691 3.156 -6,094 19,028
24 Clarus 100,000 318,000 3.18 134,100 425,374 3.172 -34,100 107,374
90 Barclays 0 44,700 141,045 3.155 -44,700 141,045
13 Instinet 78,004 245,447 3.147 134,697 424,621 3.152 -56,693 179,174
74 GMP 150,026 477,082 3.18 223,100 709,573 3.181 -73,074 232,491
1 Anonymous 173,400 547,267 3.156 400,000 1,260,809 3.152 -226,600 713,542
33 Canaccord 58,811 185,867 3.16 291,556 918,090 3.149 -232,745 732,223
TOTAL 2,194,762 6,929,078 3.157 2,194,762 6,929,078 3.157 0 0
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