Re: No price support walking down with no problem..
in response to
by
posted on
Aug 31, 2009 10:56AM
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)
You will have to ask that to the big boys but when people come on here and put a target of $1.75, they are telling every retail guy out there that there is an opportunity to sell now and buy back cheaper later. As long as selling pressure stays good, we will walk this down I guess but when I look at house positions and see who is accumulating:
46 Blackmont | 71,000 | 144,640 | 2.04 | 0 | 71,000 | -144,640 | ||||||
27 Dundee | 69,800 | 139,293 | 2.00 | 0 | 69,800 | -139,293 | ||||||
12 Wellington | 50,000 | 99,500 | 1.99 | 0 | 50,000 | -99,500 |
Knowing that they know more than us, I feel good about staying put right now. There is no guarantee that they will be able to push this down to $1.75 and my gut says that this thing will turn around on a dime when it does. For the record, here is a list of the biggest sellers, mostly retail of course:
85 Scotia | 14,800 | 29,608 | 2.00 | 55,000 | 111,492 | 2.03 | -40,200 | 81,884 | ||||
2 RBC | 41,753 | 84,221 | 2.02 | 85,000 | 170,197 | 2.00 | -43,247 | 85,976 | ||||
7 TD Sec | 41,900 | 84,828 | 2.02 | 91,500 | 183,680 | 2.01 | -49,600 | 98,852 | ||||
11 MacQuarie | 0 | 50,000 | 102,021 | 2.04 | -50,000 | 102,021 | ||||||
88 Scotia iTRADE | 7,000 | 13,840 | 1.98 | 62,000 | 124,137 | 2.00 | -55,000 | 110,297 |
Glorieux