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geopic

03/06/10 7:45 AM

#306 RE: geopic #305

CIBC dumped over 825,000 shares on March 3 and 4.
March 3, over 250K went at bid prices (.03 and .035)
while March 4, the rest went at the ask of .03 just at opening bell (Canada, CNQ exchange also called CNSX).
Molybdenum price has been edging up and moved to $18.25, March 3. That may be the reason for the grab of those shares on the 4th.
Hi Ho is in Moly and the recent merger equivalent reinforces that. Mr Fisher is selling his shares privately to the new board as part of the transition.
Hi Ho seems to stabilize now, as the .025 bid and .05 ask reflects the present situation: Moly prices much better but very far from the $25.00 needed for profitability.
Again, should Moly reach $20+...
g.p.