McQuarie & Canacord clients shorting stock???? Manipulation.
A couple of points to ponder...please feel free to respond....
1- Last year U.S. dollar was 20% lower while gold price approximately the same. Am I missing something here or do Canadian companies not benefit do to a higher american dollar while gold price maintains the same value/oz.
2-Last year gold same price, US dollar lower and no sell rating by Canacord and derating by McQuarie.....so why now when the price of gold appears to be breaking up do the down grade.
3-If gold continues to climb how in any way can IMG possibly be overvalued. TD had a book value of 8.50.
4-Consider the cow pasture...Cote' Lake-this was already baked into the cards last year so should have no input as to devalue the equity. The sale of Niobium while considered to be a bad move by many as it had positive cash flow, alternately can also use the money to purchase assets that will further enhance the company into positive cash flow. Combine the prospects of a take over, merger or aquasition and how can this be a negative.
So I question.....is it really a sell. Barrick debt out of this world and rated a sell and it is going up in value also. Like I said before, can we really believe that analysts get it right all the time. ANALysts are like *(&holes the way I see it. Everybody has one.....not all are right and not all are wrong....
Cheers :)