RE: RE: KBR is about to breakout! More like breaking down, through the floor.
And, even if all the takeout speculation would prove to be correct, present shareholders would be shorn again. From here, the typical 30 percent buyout price premium would amount to a pittance.
Kimber management continues to be tone deaf. Maybe some people got an advance look at the oft-delayed resource estimate update and it wasn't too impressive? This move was on big volume, so the small-volume-doesn't-matter argument doesn't wash, either.
Apologists for this stock have been predicting greatness in the not-too-distant future. That's wishing and hoping. Here is a fact that cannot be disputed -- this stock is off about $1 over the past 52 weeks (it varies between
Canadian dollar and U.S. dollar pricing). Speculate all the fairy tale endings you wish, the reality is this is a loser and has been for some time.