Trading explanation - hoov / No NOT-JV NR
in response to
by
posted on
May 14, 2009 03:08PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Lar, you say that there is no need to issue a NR for explanation of unusual trading activities.
So why did Acadian Mining (ADA.V) have to issue such a release on request of Market Surveillance two days ago ?
http://finance.yahoo.com/news/Acadia...
Ok, there gain on that day was over 100% on just over 5M shares traded (average 326.669 per day) with no news !
So is there a limit on a daily gain that triggers Market Surveillance ? Because surely it can´t be volume, because that should have been the trigger in Noront´s case.
And when you say that Noront would have been contacted, why wouldn´t they release something similar along the lines of ADA´s NR ?
Speaking of not issuing NR´s :
why did Noront not issue a NR on the JV drilling with WPR/GZZ as the two other partners did yesterday ?
Especially if I hear that JJ from IR relates to that NR for Noront´s unusual trading activity after being questioned by one of our board members ?
To be honest, I think that´s very strange !
FANTOMAS