Premium Exploration Inc (PMMEF)

[marwal]

On 11/24 at 9:45 EST on the TSX exchange PEM (and PMMEF) had an astounding 29 buy orders pending for about 275,500 shares which were bid lower than the ask price. The orders to sell were a paultry 6 with 34,000 shares up for sale at a ask price higher than the bidders. Although this changes through out a day and from day to day, it says that the stock is being sought by far more than those willing to sell. Yet, almost all sellers do not know this. If they did, they'd raise their asking price. As of the moment, the demand for PEM (PMMEF) shares is far greater than supply. Institutional buyers have been steadilly accumulating shares quietly a few thousand at a time, hour after hour, day after day, week after week, month after month. Several have over 1 million to 8 million shares with famous Eric Sprott now having close to 7 million shares.