All kines of music was play Friday on CLL trading board.

It started with slow waltz until our friend Wetcoster posted his intention to make a fully deserved double on his recent share purchase

If it was not coster purchasing over 1 million shares it was some mutual fund manager using the Dundee Broker (#27). The cha-cha started at 10AM when Dundee blocks from 2000 to 150,000 eventually pushed CLL share price to 80 cents. TD (#7) was providing the liquidity and matching Dundee larger blocks on the sale side.

Increase volume and the price got the attention of the day-traders with increase activity on the CLL discussion and trading boards, moving the price to 82 cents.

Selling frenzy just like Brazilian rumba was initiated by National Bank (#80) less then 20 minutes before and continue after the market close in the MOC session when the Instinet client took the opportunity to unload over 2 million shares (see below).

Most likely it was a bad day for traders. Interestingly they are spinning this trading session as a sure sign of coming take over.

I found some interesting info about all (12 in last two years) Oilsands (In-Situ) transaction (tako-over and partnership) with the average price of 77 cents per barrel of acquired resources.

IMO opinion potential purchaser will not look at what is printed on the discussion broads as some suggesting but he will look on the recent transaction first and then on his possible return on capital.

Will post the transaction table later.