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I'm missing something here, so help me understand what, please.
We have the news that Endurance has sold some shares and will sell many more. I would have thought that this means that Endurance doesn't see much future in IVS, and that negative sentiment combined with the prospect of many more Endurance shares coming on offer would drive the SP down. But it's going up. I'm glad, but what am I missing?
Stem will probably weigh in here but , Endurance SOLD ( not selling more , I think ) these shares at the same time as the "offering" . They were gobbled up quickly as were the extended "offering" shares . Good sign .
As to why Endurance sold , I think it was they need capital for their own mining efforts and saw an opportunity to sell a block at a fixed price . Can you imagine how long and at what price the 10 million shares Endurance had to sell if they tried to sell into the retail market ???
If mining results from Sudbury 2.0 are as good as "predicted" the stock should really take off .. ( we hope ) ... ;-)