Highs and Lows
in response to
by
posted on
Oct 01, 2014 01:40PM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Hello Tony.
You said, “What does worry me is the fact that today we hit 4 cents (52 week low and also an all time low) with no help / support from the company.” For me, being specific, the “help/support” that is missing is the “help/support” Fancamp absolutely owes to its Loyal Shareholders to “help/support” the price of the shares. That kind of “help/support” requires work and attention and focus every day of the year. We are getting absolutely nothing.
So far as four cents being “an all time low,” you’re right in the sense of “an all time low” within anybody’s memory. That’s what really matters.
The precise price history does not so much contradict you as much as it tells a story of twists and turns that’s worth looking into for its own perspectives. The data I have goes back as far as 21 September 2000.
3 January 2001
Opening 0.02 Closing 0.04 Volume 1000
The Opening and Closing were the Low and the High for the day.
21 March 2001
Opening 0.02 Closing 0.04 Volume 500
The Opening and Closing were the Low and the High for the day.
7 November 2001
Opening 0.02 Closing 0.07 Volume 500
The Opening and Closing were the Low and the High for the day.
19 November 2002
Opening 0.02 Closing 0.02 Volume 5500
Every trade was at 0.02.
There were three days in 2001 and four days in 2002 when the trading was between 100,000 to 180,000 shares. The other days, the volume was there but it was lower, usually below 50,000 shares. The volume was unusually low (even for those years) on the four days that the stock hit its all-time low of two cents.
Most of the trades in 2001 were at five cents. The trading in 2002 was more interesting. Most of the trades were between six cents and eight cents. The High for the year, seventeen cents, was the Closing Trade on 5 February 2002.
Things took a turn for the better in September of 2007, especially in the ten consecutive trading days of million plus volume (not counting OTC trading in the USA).
14 September 2007
Opening 0.88 Closing 1.60 (Low 0.86, High 1.81) Volume 3,900,000
17 September 2007
Opening 1.81 Closing 2.20 (Low 1.65, High 2.91) Volume 6,000,000
18 September 2007
Opening 2.35 Closing 2.13 (Low 1.83, High 2.56) Volume 3,900,000
19 September 2007
Opening 2.18 Closing 1.56 (Low 1.19, High 2.45) Volume 6,000,000
20 September 2007
Opening 1.62 Closing 1.90 (Low 1.30, High 2.00) Volume 1,800,000
21 September 2007
Opening 2.18 Closing 1.89 (Low 1.80, High 2.30) Volume 2,200,000
24 September 2007
Opening 1.86 Closing 1.74 (Low 1.73, High 2.00) Volume 1,100,000
25 September 2007
Opening 1.72 Closing 1.70 (Low 1.55, High 2.13) Volume 2,100,000
26 September 2007
Opening 1.70 Closing 1.58 (Low 1.48, High 1.72) Volume 1,500,000
27 September 2007
Opening 2.00 Closing 1.60 (Low 1.55, High 2.29) Volume 2,500,000
For 51 consecutive weeks, from 17 September 2001 to 9 September 2002, the stock never dipped below one dollar (except for one day, 22 January 2002, when the Opening was 0.92 and the Closing was 1.07). Whenever the price descended towards one dollar, it shot right back up again. Averaging out all the Highs and Lows, during those 51 consecutive weeks from mid September 2007 to early September 2008, the average trade was at $1.80 per share.
Actions speak louder than words. For those 51 consecutive weeks of dollar plus trading, the investment in Fancamp was hundreds of millions. The money was spent with every expectation of making a sizable profit. Were those expectations 100% without any basis in reality? Do the investors of today (who are cashing in at below five cents a share) have a superior grasp of reality?
Especially notable was the volume of 19.9 million shares for the week beginning 17 September 2007 (not including OTC trading in the USA). In terms of Canadian dollars (at the $1.99 price of the average trade that week), it adds up to $21.89 million in trading volume. As a point of reference (and as a point of comparison) Fancamp’s present market cap is $6.25 million.
The all-time high came nearly six months later, on 5 March 2008.
The volume that day was 650,000 shares.
The opening was $2.85. The closing was $2.99.
The low was $2.77. The high was $3.15.