A question came up recently with regards to the consistently high volume of trades on SPQ. My thoughts are that this is probably due to:

1) growing interest in SPQ and the other Ring of Fire plays

2) IBK "dog & pony" shows; news releases like the JP Morgan release

3) the TSX and Venture Exchange are the center of mining plays for the world - honest; therefore, the news (and rumors) get out quickly

d) Ontario, Canada is a very safe market for mining (unlike let's say, Central Africa, or Venezuela)

e) Canada has an excellent history of bringing world class mines into production

f) SPQ and the other juniors are in the next Great Canadian Area Play, and are sharing risks, costs, and communications

g) There is a clear strategy, aka "The Nemis Strategy", and Neil Novak and SPQ are a critical part of this strategy

h) SPQ and the other Ring of Fire equities are liquid; there are lots of shares to be Bought and Sold

Here's the Level 2 at 10:56

Last:

0.115

Change:

0.005

Volume:

478,500

Last Trade:

10:56

Lot's of depth, and close to 500,000 in trades.

Snug