Barrie
13 Feb 2015
Thanks for the explanation, but if you call them, they'll tell you that there is no private placement coming for a long time. Financing first, then time for stock price to build (with marketing efforts) and then a private placement some time in the future. If there's a private placement when we're under 15p, I'll be very disappointed.
ibwaiting
13 Feb 2015
barrie, the seller tells us more information. Is it finance hedge which when finished is bulish or is it abandon ship by major investors which is bearish. Or is it uninformed which is guess work
ibwaiting
13 Feb 2015
Barrie too many variables but to keep it simple. One way In addition, pre announcement short sellers might be wall - crossed investors who decide to lock - in a profit on the securities they agreed to purchase, as the securities in a private placement are typically offered at a discount. Pre - announcement short selling , both speculation - induced and hedging - induced
Barrie
13 Feb 2015
I'm more interested in who the buyer is. They've been buying for weeks - millions of shares - and it's a Canaccord account.
Barrie
13 Feb 2015
What does "hedging the finance" mean?
ibwaiting
13 Feb 2015
Heavy heavy selling the last several days. Am i right. Financing at 6p? Maybe too high? 5p? Who knows but who is selling such large volume unless it is hedging the finance.
Barrie
13 Feb 2015
The buying on the TSX continues to appear to be a connection to an insider.
Barrie
12 Feb 2015
I've been watching this constantly and it seems to me that all that happened was someone noticed the arbitrage opportunity on the TSX and sold their shares to bring it down to the level of the LSE. Then it seems that someone on the LSE was watching the TSX and assumed that something bad happened so they started selling - just a little bit in comparison mind you, but enough to bring share price down. I believe it was just an arbitrage - I've been watching for weeks wondering why someone doesn't arbitrage it.
Barrie
12 Feb 2015
I don't know for sure about the identity of the buyer, but it appears to be an insider's connection who has bought a few million shares over the past week or two and is still buying today.
Barrie
12 Feb 2015
It appears that insiders are scooping it up. That big seller on TSX obviously had more to sell - they came back to sell more earlier. Now we're up to 3,188,100 sold on TSX today so far.
Barrie
12 Feb 2015
It appears to be down because someone did the arbitrage between LSE and TSX. You can't blame someone for doing the trade - easy way to make a few bucks.
Barrie
11 Feb 2015
Imagine 90p - that's 20 times what it's at now! All because of 1-market sentiment and 2-no financing finalized yet, but both of those 2 factors can change quickly.
ibwaiting
11 Feb 2015
Re: MIRL Stream Log thanks for the thoughts barrie.you bring up valid points and i truly hope they come to pass. im long 300k so wish it comes to pass.
Barrie
11 Feb 2015
You're right ibwaiting. I meant no offence. It's just that financing is everything with this stock and that's what's keeping it so undervalued. Remember that 3 years ago, MIRL was over 90p and it's in better shape now than it was then in that Ollachea is ready to go once financing comes through.
ibwaiting
11 Feb 2015
Re: MIRL Stream Log 6p is silly barrie? maybe? but so was this when we were almost 10p you said. by Barrie on 08 Aug 2014 15:45 Buy rec by barrie Price at rating: 9.25, now: 4.50 Now that was silly and there are so many more!
