Champion has retained its gains at 1/4 mil vol. Therefore anticipation of news is maintained, because those selling for the gain are being met with demand = no loss or gain. What makes CHM more attractive to buyers than Fancamp or why no equal FNC volume? FNC goes up with equal profit as if u bought Champion. I suppose although we have additional Magpie IPO, they have lands other than Fermont. I still see FNC as more proftable. The only reason which makes Champion preferable is managemnt doesnt control much of the available shares. Therefore profit taking with CHM stock is available with enough volume to enter and exit or be accumulated. Fancamp is tightly held for the big payoff by known institutions (not necessarily friendly) and therefor low volume. Buying it in large amounts has a greater likelihood of percentage increase than CHM. One might also assume that controlling their own company is a motivator to acquire Fancamp's percentage along with a voting agreement. Combining FNC's percentage with share voting contract with Champion's controlled shares should make it just difficult enough to protect Fermont from a low offer. Leaving only Lac Lamalee vulnerable.This raises a question, should Fnc management sign a voting agreement, And if Fancamp is taken out by a $1.50 offer, would those new owners of FNC have to abide by the CHm voting agreement? I don't know how this works.-SG