Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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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The_Iceman

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Bid/Ask Spread

posted on Oct 23, 2012 04:43PM

Wow!

...don't think I've ever seen it on CUU before...a closing bid/ask spread of 6 cents! ($1.08 versus $1.14).

I would expect to see it on thinly-traded stocks, but not on CUU, given our fairly high trading volumes.

I can only assume it is because the bids got filled so quickly right at closing that nobody had any time to "back-fill". (Effectively, chasing the ask by the last few trades "left a vacuum" under the price).

Let's hope we open tomorrow around $1.14 and keep going up from there.

(P.S. After all of the games being played the last 2 days, I am so happy I've been working late and don't get up until around 2:00 p.m. EST)