Yesterday's high volume 3.4 million, was probably due to speculators blowing off shares obtained by exercising warrants. Most of the sales volume was done anonymously - which is a sign of the holders of large positions dumping. My guess is that those people holding large positions in warrants were advised of exercise them and that there would be a promo based on assay result so that the new shares could be unloaded profitably.

House Positions for NHK from 20121010 to 20121010

 

Ex House   Bought $Value Ave   Sold $Value Ave   Net $Net
  111 Fraser Mackenzie   215,500 38,117 0.18   0     215,500 -38,117
  2 RBC   254,850 47,576 0.19   50,650 9,183 0.18   204,200 -38,393
  7 TD Sec   636,550 121,220 0.19   474,000 91,572 0.19   162,550 -29,648
  79 CIBC   150,700 30,724 0.20   0     150,700 -30,724
  85 Scotia   185,000 35,340 0.19   52,000 9,545 0.18   133,000 -25,795
  44 Jones Gable   96,000 15,840 0.17   0     96,000 -15,840
  80 National Bank   78,300 16,059 0.21   15,000 2,700 0.18   63,300 -13,359
  19 Desjardins   90,500 18,037 0.20   30,000 6,300 0.21   60,500 -11,737
  9 BMO Nesbitt   42,000 7,005 0.17   2,000 370 0.19   40,000 -6,635
  74 GMP   30,000 4,800 0.16   0     30,000 -4,800
  99 Jitney   118,500 23,970 0.20   88,500 16,552 0.19   30,000 -7,418
  39 Merrill Lynch   18,500 3,842 0.21   0     18,500 -3,842
  36 Latimer   5,350 1,009 0.19   2,000 330 0.17   3,350 -679
  28 BBS   30,000 5,850 0.20   30,000 6,075 0.20   0 225
  82 Stifel Nicholas   50,000 10,275 0.21   50,000 9,514 0.19   0 -761
  62 Haywood   150 24 0.16   1,750 320 0.18   -1,600 296
  22 Fidelity   0     3,000 480 0.16   -3,000 480
  124 Questrade   0     4,000 790 0.20   -4,000 790
  64 Octagon   40,000 8,200 0.21   50,000 10,625 0.21   -10,000 2,425
  83 Mackie   30,000 5,700 0.19   60,000 11,925 0.20   -30,000 6,225
  95 Wolverton   34,000 6,760 0.20   94,000 16,135 0.17   -60,000 9,375
  94 Hampton   0     100,000 20,577 0.21   -100,000 20,577
  33 Canaccord   112,000 20,970 0.19   277,000 52,094 0.19   -165,000 31,124
  1 Anonymous   1,188,000 219,568 0.18   2,022,000 375,799 0.19   -834,000 156,231
  Total   3,405,900 640,886 0.19   3,405,900 640,886 0.19   0 0