SNN up 14% to 1.84 on the TSX 1 cent short of its all time high....

SNN up 14% to 1.84 on the TSX 1 cent short of its all time high. Gold and Copper rebounding nicely too.

If you look at the price history for SNN you see how much it has jumped.

Mar 09 1.840 1.840 1.660 157,375
Mar 08 1.610 1.680 1.610 181,430
Mar 07 1.640 1.650 1.570 125,096
Mar 06 1.600 1.650 1.550 118,586
Mar 05 1.570 1.580 1.500 166,049
Mar 02 1.560 1.610 1.550 57,650
Mar 01 1.600 1.610 1.520 46,165
Feb 28 1.600 1.610 1.470 155,600
Feb 27 1.520 1.690 1.500 272,330
Feb 26 1.650 1.650 1.540 129,760
Feb 23 1.650 1.730 1.600 135,200
Feb 22 1.700 1.850 1.670 124,740
Feb 21 1.750 1.750 1.730 192,590
Feb 20 1.700 1.800 1.600 382,441
Feb 19 1.580 1.580 1.490 308,000
Feb 16 1.450 1.490 1.440 180,933
Feb 15 1.450 1.450 1.420 71,600
Feb 14 1.350 1.420 1.320 96,300
Feb 13 1.330 1.400 1.300 89,120
Feb 12 1.450 1.440 1.300 290,560
Feb 09 1.290 1.290 1.050 117,700
Feb 08 1.050 1.060 1.020 39,585


It has gone from 1.050 to 1.84 in 22 days of Trading on the TSX. This is a massive 75% increase and what has Kings done? Absosultey nothing stuggled to remain stationary if best. Why? Because it is being manipulated by phony trades. The amount of trades which are very very low volume over the last month has lead me to be beleive that this is being manipulated. The majority of these trades would struggle to be worth more than the brokerage fee itself. Someone is trying to trigger some stop losses or scare some holders into selling at low prices. Considering the spread of buy v sell its easy for this to jump down significantly and the dodgy folk out there doing this have seen this has an opportunity to top up at bargain prices. There is no way this can keep happening it has to stop sooner or later and imo it will stop sooner.

SNN was at the PDAC in Canada last week. There where brokers and analysts there too doing the maths. Hopefully there will be an analyst report or something in the near future. Also expect some coverage in some investors magazines abroad on SNN very shortly as well as the annoucement of course on the upgraded resource which should move from infered to measured JORC.

Imo Kings should be trading 65-70 cent bracket NOT around 55 cents