Post by
pull1 on May 18, 2011 2:41pm
TD Bank bought Shares at $2.75
Banks never ever just hand in $75 millions if they are not 100% sure they make money on their investment, like taking a loan on your house, the bank usually offers you 75% the value of it. My point is that cmk is worth $4 or more per share, this baby is a bargain at todays price, I bought some and highly recommend it cheers
Comment by
cooper90 on May 18, 2011 5:03pm
At $2.80 a share - 25% of the total value of this company is in CASH....with NO DEBT!!! Not a lot of juniors out there that have this kind of NAV but with no CR with the banks or large debt which can eat up profits for the first 5 x years when they finally produce..........Pretty dirt cheap in my books! Cheers!
Comment by
claritas on May 18, 2011 6:15pm
Where did you see that TB Bank bought for its own account shares in the company, versus transactions made by retail accounts for example?I hope you do realize that trades go through brokerage firms but they are in the vast majority for their clients and in no way endorse the companies traded....
Comment by
pull1 on May 18, 2011 7:06pm
It does not matter who bought, money is money, whoever bought $75 million worth of shares at almost 50% off is very smart and has a lot of knowlegeable people working for him. Take my word, this stock will trade in $4s in a matter of a few months, by December $5+, for disclosure I am pleased to own share at this time
Comment by
Caerus88 on May 18, 2011 11:46pm
Actually, I think the deal was lead by TD securities. But it was a bought deal which means they took the risk that they would be unable to sell the shares to retail investors. So the argument that Bull1 made about the bank (TD securities) only investing in what they consider a sure thing is probably valid