GREY:LSTMF - Post by User
Comment by
Mastermind_9999on Oct 01, 2014 3:26pm
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Post# 22988012
RE:Going under
RE:Going under
A large investor must be unloading...maybe ORBIS or one or more of the banks. My TD Waterhouse account shows $4MM shares traded. I also wonder who the buyer is. As mentioned by someone earlier, TD still has a 'buy' on this with a $7.50 target.
I did hear back from IR also. They said they are still on target to meet their strategy of disposing of assets and maintaining flat production while paying down debt with the cash proceeds.
I hope this is the truth.