A cross of 1,239,000 shares at 10:47 today....Why?

Seems like a lot of shares to cross. Why now?

We are waiting for news from chromite drilling. We are waiting for infrastructure announcements from Government. We are waiting for revised feasiblity estimates from Noront. We are waiting for an announcement from Cliff's (early fall) as to where the smelter will be. KWG's railroad application results. So much positive to come. Noront's sitting at a ridiculous low share price and then...the cross.

I wondered if Canaccord had done this recently and if someone out there had posted it on a message board. I found a couple of posters that posted. I wondered what happened to the stocks shortly after.

It seems the fellows at Canaccord have some good "instincts."

Example #1- Guyana Resources

http://agoracom.com/ir/Guyana/forums/discussion/topics/294255-canaccord-642k-cross-12-04-08/messages/1020079

So, what happened to the stock price after this big cross in Dec.4, 2008?

Dec.4, 2008 Close 93 cents

Dec.5 2008 Close 83 cents

Dec.8 2008 Close 85 cents

Dec.9 2008 Close 85 cents

Dec.10 2008 Close 98 cents

Dec.11, 2008 Close 1.52 cents (announcement of resource increase)

Today's price of GUY is over $8.00

It seems Cannacord was "aware " of something before this cross trade.

Example #2 Western Coal Corp.

http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=28447154&r=1&s=WTN&t=LIST

Someone on stockhouse posted a large cross by Canaccord. Share price of Western Coal was $4.14 July 28, 2010.

What's the share price of this company today? The company was sold for $11.50 per share months later. See Below.

It seems Cannacord was "aware " of something before this cross trade

Walter Energy Inc has announced the completion of the acquisition of Western Coal Corporation by Walter by way of a court approved plan of arrangement.

Mr Keith Calder president & CEO of Western Coal and incoming CEO of Walter Energy said that "This is an exciting time for shareholders and other stakeholders of both companies. The combined company has an unrivaled growth profile in the industry, which ensures we are well positioned to meet the world's growing demand for our high quality metallurgical coal products."

Mr Michael T Tokarz chairman of Walter Energy said that "We have truly transformed Walter Energy once again. We are delivering on our promise to grow our coking coal enterprise by reinvesting in our business and deploying our strong free cash flows in thoughtful, creative and strategic ways to enhance shareholder value."

Pursuant to the arrangement, Walter indirectly acquired each outstanding Western common share not already owned by it in exchange for CAD 11.50 in cash or 0.114 of a Walter common share, all subject to pro-ration as described below and in Western's management proxy circular dated February 2nd 2011.