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: Re: Genuity Update - February 2 sorry about the format

Yes, with a selloff of 353k shares, their clients don't appear to be listening to their buy recommendation with a target of 3.50. So over a mil volume again and the sp hovers in the same range with a stab at trying to drop the sp lower just before the end with a few sales. It was strongly selling at 1.56 close to the end when a take down to 1.52 hit which was then corrected to a finish of 1.54.

I found it interesting to note how both bid and ask were fairly matched in volume often today with the asks selling into the bid any time legs seemed to be gained. The normal instinct is to let your profits run and not to sell out too soon, particularly when you see the sp rising. Thus it was strange that their was so much less of the bids buying into the asks. Suffice to say the bids were conditioned to wait for the asks to flinch. Wonder how that happened? In short, the bids were there in numbers both yesterday and today. Why wouldn't the asks note the demand? And why would the bids want to pick up this old mothball of a stock? "Oh the games people play now..... Every night and every day now"

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Feb 02, 2010 04:44PM

Feb 02, 2010 04:49PM

Feb 02, 2010 04:51PM
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