Originally Posted by
Bobcat.
SO far, it's but a paper loss JB. Don't get so p*ssed that you sell. There's something afoot here. Apparently, Bergen have notes that they are converting which they purchased at 5.7c, and so if they started at say around 15c, they are still in the money selling under 5c. My guess is we'll see a final dump this week and then a climb. It's good news that Leu bought half a million at 6.3c, which given that's more than what I've got, he has more to lose.
I'm guessing either an imminent takeover (which is probably unlikely given we have yet to get enough drilling results) or simply Bergen (and perhaps one or two others) with a stack of shares they want to get rid of prior to the IPO.
Discl: Still holding...and like yourself wishing I had kicked in a stop loss north of 10cps.