Re: Most recent NCIB activity just filed (252.5K in September)
in response to
by
posted on
Oct 04, 2009 05:03PM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
When the NI43-101 comes out it will generate a large number of shares traded. The day traders will be all over this, whether it is good news or bad. Since the NCIB cannot raise the share price, it is often hard to execute when volumes are low. With the expected higher volume in shares traded, there will be lots of opportunity to trigger NCIB trades, including large block trades, during this flurry of action. Time is running out to enact NCIB trades (October 28 is the last day) so the release of the NI43-101 in this period would be a natural volume generator. Just an opinion.
v.