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Bullboard - Stock Discussion Forum Cayden Resources Inc CDKNF

GREY:CDKNF - Post Discussion

Cayden Resources Inc > Insider Sales 51,100
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Post by SevenFigures on Sep 17, 2014 9:54am

Insider Sales 51,100

for what its worth yesterday 51,100 were sold. will check sedi periodically to see who it was. I'm voting no on oct 27th. that being said, it is interesting that they announced the deal 2 days before the 2 Colorado conferences and that the New Orleans conference is the week before the Monday the 27th vote... strategic for sure... if there are no other bidders (highly unlikely especially if price is below $3.79, or the $205 million), then the good news is "it ain't worth any more right now" I suppose... I also do like the fact that it's not an all-cash deal, that way you can spread your share sales out over time to help on the cap gains... I do believe in the end there will be a deal whereby shares in a "NewCo" are issued, or a royalty, or something to get a "NewCo" going...
Comment by Scott6500shares on Sep 17, 2014 7:00pm
Just my opinion but I think if the sale is not approved the share price will drop back down well below $2. I think the price was going up because the deal was leaked by someone. Are you going to force management to drill more? How do you think it will work out? Don't get me wrong, I think they are selling at a bad time. I think they are selling because the POG is depressed and they are worried ...more  
Comment by Shylock on Sep 17, 2014 7:21pm
Not so sure about that.  If the deal was leaked, it was certainly leaked a long time ago as CYD has been steadily climbing for some time.  Additionally, the last thing Bebek wants is to see his golden goose choke. All he really needs to do is another 180, start praising the virtues of Cayden again, and keep drilling, as he should have done in the first place.  A sooner or later ...more  
Comment by Scott6500shares on Sep 19, 2014 3:11am
AEM has been looking at the CYD properties for months. I guarantee you when that occurs it becomes known and those people buy the stock. Yes the good results helped. We may not know the answer of why it rose like it did but there are other companies with good drill result that didn't rise in price like CYD did. Look when you invest in this sector you better know that sh!t like this will happen ...more  
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