We've got quite the battle going on today...much like yesterday IMO... big trades from big players going through on both the bid and ask side...

CIBC (+215k), Octagon (+150k) and Raymond James (100k) want in but at the same time National Bank (-139k), GMP (-150k) and TD (-154k) want out. Who will win? Bids seem to be winning thus far as share price has been moving up slowly.

For those new here... GMP has been around for quite. When they buy and/or sell they do so in big blocks. Including selling thus far today, based on my calculations (assuming they are not operating via Anon), GMP still has a net position of ~+1.3 million shares at an average price of ~23 cents. Most of their purchases were at prices in the low 20's. Most of their sales have been at prices below 18 cents. Doesn't make much sense does it?... Maybe just reducing exposure/re-balancing portfolio? Maybe doing so to raise money to exercise warrants? Must be some method what they are doing IMO. Likely not just liquidating entire position at this point in time with all positive developments happening/to happen.

IMO the buyers will win this fight. When GMP is done SGX will move very quickly to 20 cents. JMHO.

red911

SAGE GOLD INC 12:48:58 PM EDT
Symbol T Bid Ask Last Change Volume FSI
SGX CA V - 0.12 0.13 0.125 0.01 805,300
Bid Size 242 Ask Size 334

Here are all the house positions for V: SGX for 9/24/2008.
13 Records Returned

House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
V 79 CIBC 215,000 27,400 0.13 0 215,000 -27,400
V 64 Octagon 150,000 18,965 0.13 0 150,000 -18,965
V 89 Raymond James 100,000 13,000 0.13 0 100,000 -13,000
V 58 Qtrade 38,500 4,620 0.12 0 38,500 -4,620
V 85 Scotia 32,000 3,890 0.12 0 32,000 -3,890
V 9 BMO Nesbitt 16,000 2,075 0.13 3,800 462 0.12 12,200 -1,613
V 81 HSBC 30,000 3,600 0.12 20,000 2,500 0.13 10,000 -1,100
V 88 E-TRADE 2,800 342 0.12 19,000 2,280 0.12 -16,200 1,938
V 1 Anonymous 88,000 10,635 0.12 112,000 13,680 0.12 -24,000 3,045
V 2 RBC 90,000 10,950 0.12 164,000 20,705 0.13 -74,000 9,755
V 80 National Bank 0 139,000 17,380 0.13 -139,000 17,380
V 74 GMP 0 150,000 18,750 0.13 -150,000 18,750
V 7 TD Sec 43,000 5,405 0.13 197,500 25,125 0.13 -154,500 19,720
Total 805,300 100,882 0.13 805,300 100,882 0.13 0 0