What I saw happening right in front of me was what you posted in your graph. Massive surreptitious accumulation over a lengthy span of time.
Like I told everyone, there was somebody hitting the bid vigorously and I was sure that it had been going on all summer long. Simple as that.
To judge by what is in the chart you posted, it looks like it has been someone's opinion for a long time that there was a play here. Very obvious that somebody is building up a secret stash of shares. Whoever is working this accumulation is not thinking that SFMI is a scam, thats obvious. They obviously think that getting as many shares as they can before their accumulation program gets discovered is worth exploiting the recent PR. Obviously.
I opined in my weekend post that this bodes well for shareholders because it is a public secret (LOL) that PQ wants to sell the company. So, logic says that the accumulation going on provides impetus to a bidding war. This assumes PQ will try to control who he sells to, which I think makes sense. So, with that being the logical expectation, when he gets to the point where he is under way in his planned sale, there might arise a large position holder who wants to make the company his own.
If this happens, then the bidding war will most likely drive prices up above where they would go if there is only the candidate for purchase that management favors. Having multiple parties interested never hurt a deal like this.
So, the A/D line is spectacular. I knew I was right.
Thanx for the chart.
I like what is going on here. IMHO, there is no way to now make a case that the value we presently see is deserved. Somebody thinks this thing is of considerable value and I think we are in process to gen up a real battle to see who ends up owning War Eagle Mountain,
Thanx again, HR.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."