HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: Smart Money Update

Smart Money Update

posted on Oct 23, 2009 08:34PM

Hi All!I’m getting off early for an entire weekend of R & R for a change so I am getting this out early.Have a great weekend everyone!Here’s what the smart money has been up to:

Increased Positions in NOT this week

Dundee +188,300

Haywood +138,200

Wellington +114,000

GMP +100,000

Jitney +14,500

MacQuarie +15,000

Blackmont +10,000

ITG +7,600

Penson +2,000

Reduced Positions in NOT this week

Anonymous –362,100

Clarus –200,000

Raymond James –98,700

Canaccord –16,100

Research Cap –3,300

Retail managed to actually increase their holdings again this week while institutions reduced theirs by 90,600. Institutions have increased their combined holdings by 2,303,023 shares since August 17th.All institutions that I track remain in a net positive position since Aug 17th except for Canaccord, Raymond James, Jitney and Research Cap.

Increased positions in FWR this week

Anonymous +1,948,500

MacQuarie +400,000

T. Weisel +150,000

Research Cap +115,000

GMP +100,000

Canaccord +71,600

Raymond James +42,000

Blackmont +28,000

Reduced Positions in FWR this week

Haywood –585,571

Jitney –235,500

Dundee –17,500

UBS –12,000

Institutions are continuing to accumulate and have increased their holdings by 2,004,529 in the past week and by 5,155,478 since Oct 5th.A lot of shares are being purchased discretely under the cover of Anon.Retail are handing over their shares by the millions. Although it is considered a positive thing in the business world to have institutional buyers, it can also be a double edged sword that usually ends up in the back of the retail investors (speaking from experience).

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