Huge volume on Mark O'Dea's True Gold Mining (TSX:TGM) yesterday, 24.521 million shares traded via House 62, Haywood Securities.

True Gold

True Gold Mining (TGM) 12 months chart

Golden Star Resources had owned a similar sized stake (24.521 million shares as of Nov 21, 2012), and this looks like them getting out.

However there appears to be a strong appetite for True Gold's shares, despite the fact that we're in the middle of the summer, in one of the worst junior resource markets on memory.

In addition to yesterday's cross, TGM raised $10 million from Teck in May, and another $23.5 million with Liberty Metals & Mining last week.

Teck, Liberty and Haywood are the smart money in the junior gold sector.

DYODD.

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