Well over 200,000 shares traded so far today, and a few days with above average volume last week would seem to indicate that a distressed fund is dumping paper. That just goes with the territory in this market. I know of a few other juniors like GCU and IPT that got run over last week when an institution soldout. I think the fund management is pissed off to be selling these juniors at the current prices but many funds got caught on margin just like the retail schmoes and that means selling when you would not want to in a thin market. Its just speculation on my part but I would not be surprised to see that is the source of the lower share price lately.
Its a great bargain for the guys that can stand around and get filled on the cheap. I did all my buying above 50 cents last month so I am stuck on the sidelines watching.
cheers!
mike
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Mr. Brown comments on the recently announced business combination with Duran Ventures
