Timmins & Beardmore - Northern Ontario

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Message: Re: GMP

Re: GMP

posted on Oct 17, 2008 10:38AM

GMP... 3,246,500 down... 368,500 to go (based on my calculations). Will they liquidate this PM? Looks like they might. GMP has been selling in large blocks since they stopped buying in large blocks in July. You are right Rod, GMP has lost their shirt... average buy price: $0.23... average sell price to date: $0.14. Ouch.

Great to see 2 big buyers (National and Anonymous) scooping them all up. Don't forget National Bank Financial Inc. and Cormark Securities Inc. co-led KXL $54 million financing and initiated coverage with target price of $5.50. If they were that interested in KXL makes sense they would also be interested in SGX given recent developments. National also attended SGX site visit in September.

red911



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Oct 17, 2008 10:49AM

Oct 17, 2008 10:52AM
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Oct 17, 2008 10:54AM
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Oct 17, 2008 11:12AM
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