Sum, you are very right that Stonecap was trying to bring the price down. I bought some more shares at .94 cents this afternoon. It was interesting to see the efforts being made by Stonecap to bring this down.
The article below is from last year. So, Blackmont, is now Stonecap. It's interesting to see that Oavais Habib, Stonecap's mining research analyst in precious metals got his start at Wellington West Capital Markets.
Say hello to Stonecap
Andrew Willis
Globe and Mail Update
Posted on Tuesday, March 9, 2010 7:26AM EST
The mining crowd is in Toronto this week, opening the door to a clever bit of marketing from an investment dealer that focuses on the resource space.
During a well-attended PDAC party at a downtown bar called Pravda, the firm formerly known as Blackmont Capital unveiled its new name.
Say hello to Stonecap, an employee-owned institutional brokerage house that was also briefly called CI Capital Markets.
The investment dealer is being spun out of money manager CI Financial in a deal that’s expected to close this week. Blackmont’s retail arm, and name, were sold to Macquarie Group last year.
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Ovais Habib joined Stonecap Securities in September 2010, bringing six years of mining sector equity research experience to the Stonecap research group, most recently with Laurentian Bank Securities in Toronto, where he focused on precious metals companies. He began his equity research career at Wellington West Capital Markets in 2004 as an associate and has also worked on the derivatives desk Scotia McLeod in Montreal as a Derivatives Associate.
