Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Observations

Observations

posted on Mar 29, 2010 04:44PM

It looks like today we had Cormark running an iceberg order at market. They were always filling their buys from the Ask side of the tape. It also appears that Scotia had a big buy order and chose to sit on the bid. It also appeared that Dundee was providing the liquidity to maintain the price btween $3.25 and $3.28. The reason I bring this up is that I believe that we are seeing a price point that Dundee was and is willing to pay the insiders for their converted options. I am only thinking out loud so I could be totally off base, however this is" my way" of learning the ropes. Dale made an insider sale of 30,000 shares on the 17th, the day after the BMO cross. This would be enough cash to convert 250,000 $.38 options.(I don't know if he even has any, remember I am just guessing). Todays activity by Dundee, cormark and Scotia might be the placement of those shares. This is only a guess on my part and I am going to watch the insider activity to see if I am learning anything. I feel very strongly that after all of the new shares are placed we will see the start of the next big move up. It may have already begun?

3
Mar 29, 2010 05:58PM
3
Mar 29, 2010 08:38PM
Share
New Message
Please login to post a reply