Loading ...I noticed at the end of day most of my Canadian mining shares at Schwab never show the real closing price until hours later than just a few years ago. It used to be by 6pm the closing price was solid. Its like Schwab’s Canadian brokers use your street name shares (especially in this type gold share market) to work against you. Now its like some of the Canadian symbols that went down hard don’t show the real closing price until early the next day.
You know as well as I do that you can’t believe all tweets or posts on the I net these days……………but a few weeks ago there were a few that mentioned that at some of the Toronto St Patts day drunken parties there were people claiming Sprott makes more money on the down e$calator ride with shares like novo. The first time they hammered it novo got down @2.50 and it looks like they are trying again. I’m no fan of Australian mining shares but if you could get 5-10% of your clients that bought a private placement to play both sides by letting the broker use your shares (secret invitation) who would know? There would definitely not be any insiders having to report their own personal shares.
While I can only see the 10 most recent trades it always appears when something like novo is sinking the number of 100 shares trades and anonymous to anonymous cross trades are off the charts. With only die hard mining share investors only buying these days the Canadian brokers have the upper hand.