RE:RE:RE:Back to watching water boil or was it paint dry...Birdy,
The price is flat as the Market do not think that there is much more value per share than the current price.
Mind that for WPM to lower the stream, they will want something. They noted that the current value of the stream is $135M, so to reduce it by 40% say, will want maybe $40M-$60M from any sale. Thus even at $150M sale, the share price is around the current range. Also, there is no volume which indicated there is no interest and the millions of shares in the bid side are not there as well.
One thing I learned is that the Markt is seldom wrong, it happens sometimes, and I count that maybe this is such a time. Whoever bought around the current price should be save as long as they do not go to BK.
But for existing shareholders, the fire sale is not in the best interest. I would like to see them work out the issues for the next year or so and sell it for 0.5-0.75 then maybe. Meanwhile, they can maybe remember how to find gold and surprise us all?