Anyone want to take some guesses at how our share float looks? We have 98M shares outstanding.
-I believe that Cunningham has in the neighborhood of 10M GRC shares.
-According to this document: http://mineralfields.com/pdf/ONTEX.pdf,
1) MineralFields controlled 7% of ONT. This would be about 8M ONT shares, so 2.6M GRC Shares.
2) Management controlled 10% of ONT shares. 12M ONT shares, so about 4M GRC Shares.
3) Other institutions controlled 9% of ONT shares. 11M ONT shares, so about 3.6M GRC shares
Can anyone comment on what Roxmark's share structure was like? I'm not as familiar with RMK as I am ONT.
I bring this up because I keep seeing the same houses on the buy side for the last couple of weeks. It looks like GMP, BMO, National Bank, and Canaccord keep accumulating.
If we could get a good majority of the float into hands that don't want to sell, the SP could move up in a hurry as the number of retail shares decreases. It almost seems as though they are keeping the price down so the big guys can accumulate.