Timmins & Beardmore - Northern Ontario

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Message: Re: GMP...
1
May 14, 2008 06:06AM
4
May 14, 2008 08:25AM

Board awfully quiet today.

GMP now up to 575k today at 22-22.5 cents (700k in just 2 days). This is significant buying. Individuals do not typically have $120k ($153k in just 2 days) to throw at 'risky' stocks like SGX. Maybe fund buying? Insider? Kodiak?! Ha. Who knows.

Since Jan 2005... GMP... net +1.1 million shares @ 19-23 cents...

Here is the position of broker 74 for V:SGX for 1/2/2005 to 5/14/2008.
Date Bought Ave Sold Ave Day Net
2007-06-06 0 125,500 0.10 -125,500
2007-07-13 200,000 0.19 0 200,000
2007-10-22 50,000 0.52 50,000 0.59
2008-03-04 200,000 0.30 0 200,000
2008-03-20 125,000 0.23 0 125,000
2008-05-13 125,000 0.21 0 125,000
2008-05-14 575,000 0.22 0 256,500
Total 1,275,000 175,500 1,099,500

Suprised so quiet as this is good to see IMO.

red911

Re: GMP...

Posted by: red911 on May 14, 2008 12:25PM

In response to: GMP... by red911

Further to this...

House 74 (GMP) has now bought 319k at 22 cents thus far today. Yesterday they bought 125k at 21 cents. Selling 0.

That's 454k at ~22 cents in just 1.5 trading sessions... not huge but a start... we sure have not seen any regular big buyers like this here lately so thought it was worth noting.

Trading is slow going today but bids at 22 cents do seem to be constantly being replenished.

red911

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May 14, 2008 11:03AM
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