Here’s our smart money update for the week. I have looked at the numbers from different time lines (pre Cliffs and post Cliffs) and the results are quite interesting. The numbers seem to confirm the sentiment that was given in the Pinetree BNN interview. The big boys seem to believe that NOT will to do very well going forward with Cliffs footing the bill for a lot of the required infrastructure. It is very possible that this was the intent from the first. Although we may have lost the battle we may have won the war. We probably will have a major (albeit not Canadian) to support the costs of the infrastructure and we have gained a massive amount of international attention. Our ROF story still has several more chapters yet to be written. Have a great weekend all and keep well!
From Oct 05th (NOT’s bid) to Nov 20th institutions reduced their positions in NOT by 553,082.
From Oct 05th to Nov 20th institutions increased their positions in FWR by 7,727,452.
From Nov 23rd (Cliffs bid) until Dec 11th institutions increased their positions in NOT by 1,753,750.
From Nov 23rd until Dec 11th institutions reduced their positions in FWR by 10,081,477.
Increased Positions in NOT this week
Canaccord +224,190
Wellington +135,400
Blackmont +95,491
Genuity +89,300
Salman+84,600
Haywood +20,100
ITG +9,050
Bolder +5,500
Dundee +4,000
Reduced Positions in NOT this week
Anonymous -123,700
Raymond James –113,700
Penson –64,900
Jitney –43,400
GMP –15,000
Research Cap –6,450
Institutions increased their combined holdings this week by 300,481. Institutions have increased their combined holdings by 3,612,401 shares since August 17th. All institutions that I track (21) remain in a net positive position since Aug 17th except for Canaccord (although they were a net buyer this week), Clarus, Raymond James, Research Cap and Jitney. Top institutional buyers since Aug 17th remain Wellington, Dundee, Penson, Genuity, ITG, Haywood and Blackmont.
Increased positions in FWR this week
Brock & Coop +6,951,500
CIBC +6,058,370 (financial advisor)
Canaccord +1,577,020
Genuity +1,351,500
MacQuarie +1,050,000
GMP +298,500
Jitney +244,500
Raymond James +220,000
ITG +165,400
Wellington +100,000
Reduced Positions in FWR this week
Anonymous -17,212,000
Blackmont -1,293,770
Jones Gable -1,212,500
UBS –214,000
Research Cap. –210,000
Haywood –88,000
Dundee –51,200
Caldwell –9,000
Institutions decreased their combined holdings this week by 8,332,050. Institutions have decreased their combined holdings by 2,604,025 since Oct 5th. TD increased their holdings this week by 4,479,086 and RBC increased their holdings by 3,378,528. Top institutional buyers since Oct 5th are Brock & Coop, MacQuarie, Genuity, GMP, Jennings and Sandfire.
