Kinross Buy-In?I dont know for sure if this is a good thing. If Tarsis should ever go into play, then the bidding process is ruined, or at best tarnished once a senior like Kinross already has an insider position. I do like the fact that Almadden also has a nice stake so they can keep Kinross at bay, or ensure that going hostile is difficult.
I absolutely love this company and have been adding to my position since I first bought in at 0.35... I did sell a bit the day it ran into the 90's which was just lucky, but have been adding quite a bit over the past 6 weeks.
I know that Mr Blythe is very competent, I just hope that he thought long and hard about this placement. Word on the streets has it that Kinross was quite unfriendly when they snuffed out Underworld - Friendly Deal NOT! Kinross had been agressivley buying in the market and had such a large position that UW manangment opted for the "frienldy " deal as opposed to saying no and being subject toa hostile deal. They were badly outmanoueverred.
Regardless - we will all make money in the short term, especially if Erika pans out. Unbelievable resutls from our Neighbor NewStrike, V.NES. Some of the best numbers I have seen in years. A big discovery like this is what the market really needs right now.
Good luck to all longs
Jandd