at 1 to 2 milion shares a day he will be able to get out, just a question of how much he/she has. Gold and CGR up today so far despite the big seller.
The bigger question would be why would anyone sell at this level if Claude was such a good buy?
Surely, they can't be making a profit at this level.
IMO, someone is out to cause serious pain to Claude Resources.
Lookin, will give you my best guess. Its an institution that can not hold sub .50 stock. Heck most can not hold #$%$ Or and Insti that can not hold when brokers recs are negative or downgraded.
Something like that.
But indeed a big loss for whoever. Analysts have terrible records, they say buy at $2 then sell at .25, that is the norm not the exception.
Gold perking here.