A German newsletter writer who also attended the site visit of Lupaka Gold (LPK.TO) last month has released his site visit report today, which caused a huge spike in trading volume on the German stock exchanges.
As of this moment, the total volume on all German exchanges in Lupaka Gold is approximately 1.3 million shares, and the daily high reached 0.80 EUR (which is C$1.08 at the current EUR/CAD conversion rate). As we know the German market makers only had about 100,000 shares in stock, we think they might have a short position in the shares at this moment which they will have to cover in the next few days, likely creating a volume spike on the Canadian listing of Lupaka Gold.
Lupaka Gold is currently doing a roadshow in Europe, and we hope they might attract more interest in the story. Our site visit report is ready and will be sent out in the near future.
Disclosure: The author currently holds no position in Lupaka Gold. Lupaka Gold is a sponsor of the website. Please see our disclaimer for current positions.