Metanor - What about the short position (bedlow) that was referenced earlier in opzeeland's excellent post?
If it is the precursor to a bid, there doesn't have to be any fact based reason, the lousy bustards can take anything down if they want to bad enough.
The recent Metanor shorting activity is reproduced below, from TSX data:-
Short Positions on 2010/08/15 397,457 31,304
Aug. 18, 2010 (Market News Publishing) --
METANOR RESOURCES INC ("MTO-V;MEAOF-0")
- Short Positions on 2010/08/15 397,457 31,304
Net Total Last Total PriceDate Change Shorted Price Volume Range----------------------------------------------------------------------------
2010/08/15 31,304 397,457 0.48* 2,737,398 0.48 - 0.54
2010/07/31 -367,619 366,153 0.55* 2,599,235 0.54 - 0.61
2010/07/15 335,551 733,772 0.60 2,935,403 0.57 - 0.62
2010/06/30 39,716 398,221 0.62 1,901,463 0.59 - 0.63
2010/06/15 -9,100 358,505 0.58 2,459,330 0.57 - 0.64
2010/05/31 -169,627 367,605 0.60 6,391,948 0.55 - 0.65
2010/05/15 197,376 537,232 0.66* 3,060,359 0.56 - 0.67
2010/04/30 -40,749 339,856 0.58 5,238,780 0.55 - 0.66* - Indicates that the closing price used is the last non-zeroclosing price and is not the closing price on the report date.
Source: TSX
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