That we'd see these prices again. And some are saying it will go lower ? That's just terrific news. Please pour more salt in my eyes. The pain is not enough yet .... kick me harder please, the bruises aren't purple yet ...... thank you sir, may I have another ......
I have more, but they're a little gross, so maybe not for prime time viewing. Anyways, I opened up a TFSA account today because I couldnt stand watching the carnage any longer. Thought I'd do something positive in the face of negative. That didn't work too well though because I left my sunglasses sitting on the desk. Hah !
So it would seem that this is a bit of a bailout on the insti's part, along with some retail. What do they know ? Anything ? Are they guessing that the FN & Gov't negotiations will drag on for a while ? Has someone all of a sudden determined that the 2 billion dollar plus (approx) eagle's nest is now not worth the effort ? And the gold at triple J disappeared, along with AT12 ? Okay, maybe the Chromium & Vanadium may not pan out, although that Vanadium deposit is huge and NOT's chromite isn't totally worthless.
So is this the final push down ? Who knows. I remember when Wellington came on board as investors. There was something in print from them saying that they will use all of their skills upon investing in NOT. And some may not be well received or soemthing like that. There's an NR on this somewhere announcing their buy-in, if someone can dig it up please.
Looking at Wellington, I see nothing for the 25, 26th & 27th of Jan. and then there's action from them.
28th - B - 15,100 / S - 8,100.........29th - B - 19,000 / S - 12,500.........Feb 1st - B - 65,400 / S - 97,100....... Feb 2nd - B - 57,900 / S - 30,400........Feb 3rd - B - 125,400 / S - 18,900.......Feb 4th - B - 29,900 / S - 82,700...........Net = 63,000. And we'll see what they do tomorrow. May as well look at the insti's and try and pick up the trail.
I don't know if any of that means anything, but I got into it, so there ya go.
Happier days ahead ?
strato-salt