With 161,800 share on the ask at 55, CIBC comes in and submits another 700 shares at 55 cents increasing the total to 162,500 .

Now it seems to me that if you wanted to really sell 700 shares it would be a bit ridiculous to post them after 160,000 when you can get 54 cents by selling into the bid.

Again if you're that desparate and must sell a whole 700 shares one cent difference amounts to $7.00. So I'm believing that they're not really interested in selling 700 shares but rather to increase the ask wall.

Why would you want to do this. Clearly it's not shorting. That's not what shorts do, they keep shorting into the bid to drive the price down. So can it be that's it's to discourage the sellers from selling. Sending then a message to hold on selling their "overbought" position from the financing in order to start driving the price up. Surely with so many o/s shares and the progress that we've been making with the mill, many influential shareholders must be fairly frustrated and this can be their way of insuring that the sellers don't get more than 55 cents.

Any comments would be appeciated.

Later