This is a company that has 850million A/S and close to 800,000 O/S with a ten day average daily trade of 771,000 shares which IMO is very low.
My Fidelity shows a lot of green today meaning accumulation and not dumping. Makes no sense to me to dump at this time but to each their own.
For every sell there is a buy an the green on my screen today indicates a lot of buys at the bid. Those people got a good deal and don't really care where the shares came from.
From the October PR
The option and financing agreement in pursuit of a separate public listing for Nio-Star, the Company’s wholly-owned subsidiary which holds title to the Nemegosenda niobium property in Northern Ontario, is expected to close in the next thirty days.
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