How they do it
in response to
by
posted on
Jun 23, 2010 11:15AM
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)
Just catching up on the posts here. If any one is wondering on how these insitutions are accumulating it is important to know that what we see trading is not necessarily the whole story. I posted the other day insider buying/trading for PROBE. Sheldon INWENTWASH the CEO of PINETREE Capital purchased 5,592,500 shares of PROBE in the month of April. The transactions show 500,000 on Aril 10th and 5,092,500 April 30th. Over the last six months PROBE has never traded over 375,000 shares on any given day. Obviously some entity was buying for INWENTASH and than did a transfer to him that did not show up on the TSX. Yes PROBE did a financing but it was for a little of 2 million shares.
Tom G