Not making any predictions....just thinking that with Canadian markets closed on Monday that OTC trading could provide an indication of how much interest there is after the news of last week re seeking a US listing and the engagment of Rothschild & Co.
Average OTC volume is in and around 50K, 50,799 on Yahoo 50.5K on marketwatch. The day the news came out, July 31st after the bell, RVXCF traded 106,500 (news leak?) and then on the 3 subsequent post PR days the volumes were 81,800...76,300 and 149,300. All above average with Friday being about triple the norm.
Monday RVXCF will be the only game in town....
- Will trading continue to be at above average volumes?
- If buyers do storm in will MMs be forced to go short in order to meet demand?
- Or will the market be cool....either waiting for the TSX to open or because the boost from the recent news has run its course.
No answers or even opinions from this OCD corner for a change....I'm just going to be observing. I do of course hope for big volume and a corresponding big jump in the PPS, even though that would mean the warrants I'm planning on adding would cost more. But even if they got pricey enough for me to change my mind on buying more that's okay.