Iamsudbary you write:
"An effort being made to bring price down by these characters."
Why do you think?"
I can only think of accumulation of the stock at a better price.
CIBC sold at 2.01 and then started buying at 2.00. Who is CI Capital working with?Maybe CIBC. What is CI Capital doing? Yesterday they traded 25% of the traded shares.They bought almost the same amount they sold. This afternoon they were selling the stock along side with CIBC and then did a cross trade of 100,000 shares. ARe they accumulating for someone like Cliff's for instance? I don't know the answer.
It's hard to guess at what exactly is going on. I find the sudden appearance of CI capital intriguing. I took a look at other stocks Patrick Anderson is currently a director like CSI. CSI has 65% institutional ownership. At last discussion Wes Hason mentioned Noront has 59%. Is 65% the magic number. Is retail being squeezed and fatigued for an extra few shares before we are allowed to move up? All I can say is the current share price is ridiculous. Look at the movement of the metals. Look at the deposits again. Look at the presence of cliff's. Whether Cliff gets FWR or someone else does eventually, it tells us infrastructure will not be born by one company. And yet, Noront's price is unaffected. Beyond ridiculous. I look at the share price and shake my head some days but hold and accumulate more when I have the extra money from my job. Unless, the deposit(s) are stolen overnight by some aliens I will continue to hold. That is the only thing I am sure of.