RE:RE:Bizarre! Don't like this behavior at all!Well, there's something going on, either Operationally or Financially.
Haven't heard from tipple D for quite a while and he seemed to be attuned to what was happenning on site...Tripple D, care to weigh in here?
If financial, perhaps buying out Banyan?, Merging with Banyan or someone else? Took on more debt financing a few months back that they haven't told us about yet? Hedged more than they're reporting? Etc? And where's the Raven update that JM said at the last meeting would likely be out in March or April?
It seems strange that GMT Capital would acquire another 338,000 shares in April unless they see things improving. They certainly don't need to buy more shares for shorting and short covering so why push your holdings over 10%?
To me any news that they may be holding back with the financials would need to be positive if it's 'Material' because if it isn't and they've held it back then they're just setting themselves up for more lawsuits and an SEC investigation and I'm sure they know that.
Or is it possible that the lousy Q1 production results and the Q1 financials release mystery is to fend off a possible Hostile Takeover until they can get past Q2 and Q3 when, if gold prices stay up here should, shoud be looking a lot better (earnings P/share, debt reduction, etc.). Victoria is at a critically turning point over these next 2 quarters and the vultures sitting on the sidelines know it and if the carcass starts to smell they wil be all over this company.
I gotta say, I've been investing in gold shares for a very long time and have never seen anything like this.
HB77