Re: Silverback , Alibaba: Ned Goodman and the 40 Thieves.
in response to
by
posted on
Feb 10, 2010 02:20PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I have been watching the trading of SGR as much as possible lately and even to an untrained investor such as myself, the price control is quite obvious. The question I have, is who is Raymond James buying for? They have obviously made a deal with Dundee to accumulate a certain number of shares within a certain range and I think that Dundee has agreed to provide liquidity to the market above a predetermined level. Raymond James recently included SGR in their top picks for 2010 so we can only imagine who they are accumulating these shares for. Perhaps because of their extensive US exposure Dundee has opened an account with RJ, perhaps Raymond James is buying for their mutual funds, maybe for clients, or even a potential suitor. What ever the case may be IMHO it bodes well for us even if they are being sold some shares by Dundee as an incentive to help with future promotion. I welcome a smack down of my opinion if there is a fault in my assumptions. What do you think Lunch?