Minera IRL Forum

Some Canadian institutions had to do some selling they didn't want to do recently. Pinetree example, from a news article "The debt covenant at issue prohibits the company's debt from exceeding 33 per cent of the total value of its assets, as reflected on its (unaudited) consolidated balance sheet as at the last day of each month. As at Oct. 31, 2014, Pinetree's debt-to-assets ratio was 38.8 per cent." This brought the share price way down on some companies but not for any fundamental reason, but just because these financial institutions were forced to sell quickly. I believe we're at the lows for these companies hurt by this forced selling. Read more at [link]

It looked like insiders bought most of those shares for sale over the past month, so I think it is a very good sign.

It is definitely being manipulated down. Not a good sign , if things are positive the 'market' would move up not down.Btw, my average is .20 so a long ways to go. Now down 6% on 1000 shares in Canada

If you just look at the TSX, it has seemed like a seller from Dundee was the cause of the price drop. Not sure about London.

Sounds like positive feed. Wish the markets would 'smell' the financing and move up.Altho in the U.S. the Canadian market shows better for me. It is dead and heavy on the ask.

The phrase "mid-tier producer" was used also in the press release or the call I forget which.

It wasn't very long. The tone was quite positive and they seem excited to move forward although obviously the financing isn't finalized yet. Corihuarmi continues to do better than expected. I was hoping to hear what the plans are for the future with regards to further exploration at Ollachea. I asked "Will there be further exploration at Ollachea during construction?" but I was a few seconds too late and didn't get the question in on time. I'm hoping this will be an ongoing catalyst.

Thanks barrie. Can u give us a summary when call is completed. Im on the wrong side of the pond to listen.Thanks!

Executive Chairman Courtney Chamberlain said "I am confident we will be able to announce financing in next few weeks".

conference call in 9 minutes. the UK number is (800) 051-7107