RE:Hard To Understand The Eastman InvestmentIt looks like ELD was fortunate to buy when they did. I doubt ELD or ICG knew the SP would climb so high in such a short period of time. It has been a nice run since the first half of February.
Some of the reasons I suspect for the Eastmain purchase include the price was too good to pass up, ICG has a long term plan for future expansion, etc.
But I agree, there must be a lot of things going on under the surface. From my limited perspective this is a very well managed miner.
My intention is to hold my shares and see what happens. Why sell for $.65 when I suspect the SP will double within a year. At the same time the price could double within a few months.