The article failed to mention this
"The analyst cut his rating to underperform from outperform and hacked his price target to 55 cents down from $1.50, calling the company's project a "money pit".
My question is what mine in development isn't a money pit? I wouldn't consider a cost of 800 an ounce out of line with other miners, in fact it's better than many. There seems to be a hit out on San gold right now. Doulis is an idiot and is obviously talking his book and in my opinion this is premeditated.
If I was Stonecap and wanted to liquidate a position I would have done it before putting out that puff piece. Doing it before being on the sellside all day means they are intentionally driving the price down.
They are up to something with National
| House Positions for C:SGR from 20130211 to 20130211 |
| House |
Bought |
$Val |
Ave |
Sold |
$Val |
Ave |
Net |
$Net |
| 80 National Bank |
90,250 |
42,301 |
0.469 |
2,273,550 |
1,064,578 |
0.468 |
-2,183,300 |
1,022,277 |
| 9 BMO Nesbitt |
953,900 |
458,948 |
0.481 |
2,726,165 |
1,285,907 |
0.472 |
-1,772,265 |
826,959 |
| 20 Stonecap |
0 |
|
0.466 |
866,500 |
|
0.466 |
-866,500 |
