Anonymous is selling because they have other interests. Others are buying because they have their interests. This type of buying and selling is common with micros. Some of these swaps have already been pre-agreed by the parties involved because they are not insiders and they must trade open. The volumes with these companies are so tight that it appears like the outcome of a prize fight managed by Don King… this happens with all securities. The ones that trade with higher volumes are less noticeable.
Regarding costs per ounce.
Go to the mining expenses sheet and look at the totals. Also consider total liabilities. I have roughly calculated their income in the last six months and made a comparison in a previous post. The cost of production per ounce is important but POG is more important because that’s what will shut them in. If POG drops to the level of production per ounce (say around 775.00 est. avg.) that may run as high as 900.00 or more depending on difficulties in mining. Like GPT says even the cold weather is a factor. CPO is not a constant because the cost to extract an ounce changes depending on input costs. The fact is they should have already released this information because 500.00 or under does seem a little low. That’s why I would like to see the 4th and 1st quarter data when released.