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Post by eyes55 on Oct 24, 2008 15:40:40 GMT -5
well boy's and girls mmg is finally out of our hair and the manipulation should be over. lets get OUR duran moving up where it should be........it's time for a cold one!!!!.
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Post by venturous on Oct 24, 2008 15:54:23 GMT -5
Well said! The dog, and I mean DOG is gone. The only thing we need right now is further good drill results to extend the N/S of Aguilla to 300-400 m to get 300-325 million tonnes of .55% and copper to increase to $2-2.5. Then we just have to see it move! (Pasacancha hole #1 would help too)
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Post by caveman on Oct 24, 2008 19:34:30 GMT -5
so long farewell mmg. it sure went out with a bang! cheers to drv! moving on
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jrx
Full Member
Posts: 30
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Post by jrx on Oct 24, 2008 20:14:15 GMT -5
Did Anyone notice how many mmg trades went through today from seller "anonymous"? Could that have been some institutional selling? This was not a normal day, something was off.
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Post by pasacancha on Oct 25, 2008 0:12:22 GMT -5
MMG traded 3 362 661 shares Monday-Friday which is much higher than we have been used to lately.
Given the circumstances it does not make sense to me to assume most of these sellers were individuals.
As we know MMG is held by a few institutions.
Given the market right now I think it would be safe to assume some of these institutions are feeling the pressure and are forced to liquidate some of their holdings.
From the market depth it seemed like alot of the sellers where coming from the same place.
Therefore I do believe that alot of the sellers may have been institutional related (cannot prove it though).
Thanks goodness Duran is not held by institutions except for what Duran will inherit from MacMillan.
The drop in Duran price was obvious because of the "bettter deal" of buying MacMillan.
Monday is the beginning of a new chapter in Durans life!
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