That has been one of your best posts Storm!!! You covered a lot of ground and you articulated your thoughts very well. I suggest everyone head his post...it will make life around here much better.
I have spent some times going over the house position over the last little while. As Rosedale said, someone is dumping...looking at the last 4 days, Raymond James has sold over 200k shares-he is the biggest net seller.
Since January 1st, Anonymous has been our biggest seller (what a surprise) with 1 873k shares. Second place goes to BMO with only 266k shares. So Anonymous is Miles ahead of any other seller. What does this mean?? Also, our 3 biggest buyers are all retail: National Bank, TD and RBC...I have to be honest, I would of liked to see some institutional buyers leading the way here...
When I think of the great potential this company has and why we are not seeing more institutional players jumping on board, I scratch my head. The very low commodities prices along with the world's recession, which translate to less demand for raw materials, inventories are still high etc means that as good as everything we have is, considering the lack of infrastructure and the rest of the issues, it may be a long time until these great deposits are actually mined.
However, I still firmly believe that some major is going to want to secure these great assets much, much sooner than when they will be mined. The best reason for that would be the very depressed price he would be paying for such assets in this economy and whoever controls this chromite deposit may be able to rule the Chromite markets for not only decades but centuries!!!
So, up and down she goes daily, but in the longer term, I am still holding very strongly to my shares, my dream and my future!!
Glorieux