Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Commodities going up again!
1
May 18, 2012 09:07AM
1
May 18, 2012 09:39AM

Price action on CUU is totally skewed as a result of the ownership pattern

If you eliminate 70% of the shares from the market as non-traders, which is our situation, what you are seeing in manuevering around 30% of the float

Factor in the MM's games and program trades and you have pretty much accounted for all of the market activity

To attempt to ascribe any sort of motives for the trading noise that happens around CUU at this juncture is a rational impossibility

Why I wonder why so many people breathlessly scrutinize the level 2 data

IMO, it don't tell you a damn thing.....

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