RE:I punched out...The BoD let Huet save face pretty much instead of firing his a*s out the door as should have been done last month. This deal was done way too early and is actually warranting more questions than answers. HL is at a 52 week low...that is NOT a good sign that the acquirer itself is already trading at a 52 week low and has now sunk even further. As HL trends lower, this will pull KLDX lower. As I said this is ridiculous, but still not all that surprising. The BoD has had enough and Matlack and Schultz still hold big amount of shares. They'd rather say to he*l with it after such a mess and try to make some $$ back with HL. Purely a BoD play here. The stock LIVE at $ 2.21 USD is now trading CHEAPER than the afternoon before Q4 production results were released on February 1st. Go figure. Nothing tangible has changed besides the garbage FC update which we know can be expanded through drilling to increase resource, Hollister recovery is still at 80 % as it was in January and should get better. Nothing has changed. This is a complete steal for HL + Waterton Global. Good for them. In the end, the retail shareholders get destroyed...unless you happened to buy in just a couple of weeks ago or a couple of days ago (99 % of the posters here are long-term holders). If you want a great stock, check out B2Gold down over 5 % due to some fear in Mali which is a remote risk. Great opportunity to buy a super miner on the cheap. I wouldn't be surprised to see another bid on KLDX given the $ 2.21 USD share price. This is nonsense. JIN
Highwave wrote: Disappointed that KLDX sold right before another possible big gold rally. We could have seen a higher share price than we received. Took the money today and bought IAG and KL. I think they sold too cheap. Its possible that board didnt like how mgmt was performing and looked for a buyer. The buyer bought the asset they wanted and sent mgmt to Canada (Siberia as far as I am concerned) with the asset they did not want. Made up for a big chunk of my loss in one day so I hope to participate in another issue that will move when gold really takes off.