TSX:LSG.DB - Post by User
Comment by
BREAKtheCOMEXon Jan 09, 2015 3:41pm
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Post# 23303497
RE:RE:Twice average volume - no price increment
RE:RE:Twice average volume - no price increment You know, what we are seeing right now with the wall of sellers could very well be an attempt to minimize the cost of a takeover bid. This is complete pie-in-the-sky, but if, If, lets say 100 million shares are strategically bought and sold over several months resulting in a net loss of 20 million shares and a modest 20 cents per share suppression of price then the said suppressor would be out of pocket $4 million dollars but the company would cost said suppressor 86 million fewer dollars. Not only that but they would save themselves an additional $35 Million when the 40% premium is added to the sale.
Does anyone know how long the wall of sellers has been approximately double the buyers? If its been two months then we could be getting an offer very soon.
BREAKtheCOMEX wrote: Every penny increase in the shareprice will cost the buyer of LSG $4,354,000.
Montrose2 wrote:
Despite the rising price of gold. Sure looks like price control in order to lead up to a take-over offer. I am well in the black on this one but would rather continue with present management who seem to be able to run a good operation. Onward and Upward