As NORTHERN STAR MINING CORP - NSM:TSX-V approaches 20 million shares traded for the day I can't help but wonder how many buyers are accumulating vs the crowd of followers. The stocks is up over 100% and was even higher earlier in the day. Just when it seemed like a wall of sellers would show up, someone would buy it all up. There is not hint on the boards or news from the company that may shed light on today's activities and so far this could just be a lottery play. I always remember when I see some stock run, if there is no volume and the stock is up then chances are someone is just playing with it. If the volume is huge and the stock is running the as the old saying goes"follow the money". Someone or group seems to want in at these record low prices for the company and not long ago it was trading at a ten times multiple. All you have to ask yourself is this high risk worth the long shot high reward? I dusted off my crystal ball but it had no insight for me either. I merely wanted to point out this large volume issue today. Many of you probably already have it on your radar. Tomorrows pre-open should tell us a bit more. We might see a large wall on the bid or ask side first thing in the morning. The company filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act

Part of a recent news release:

Northern Star's Pirie to become part-time CEO

2010-12-14 17:14 ET - News Release

Mr. George Pirie reports
NORTHERN STAR MINING CORP. ANNOUNCES FILING OF NOTICE OF INTENTION TO MAKE A PROPOSAL
Northern Star Mining Corp.'s George Pirie will continue to direct the company through its current reorganization efforts on a part-time basis.
Further to news in Stockwatch on Aug. 18, 2010, the company filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (the BIA) with a view to reorganizing the company. Since the reorganization proceedings were commenced, the company has obtained from the Quebec Superior Court three extensions of the date by which it is required to file a proposal to its creditors and is currently required to file a proposal by Jan. 7, 2010.
Mr. Pirie, with the support of the company's management and outside advisers, has been directing the company's reorganization efforts, and the company believes that a going concern solution that will benefit all of the company's stakeholders is possible. Subsequent, however, to commencing the current proceedings under the BIA, the company significantly reduced its operations and has made significant progress in developing a plan to reorganize the company such that a full-time chief executive officer is no longer required to direct the company through the reorganization.

Level 2 as of 1423HRS Eastern:

Market Maker	Shares	Bid Price	Ask Price	Shares	Market Maker
--	3,007,000	0.030	0.035	1,476,000	--
--	2,041,000	0.025	0.040	1,843,000	--
--	2,023,000	0.020	0.045	1,586,000	--
--	--	--	0.050	809,000	--
--	--	--	0.055	120,000	--