RE:RE:RE:Looks like share were sold but balances hardly moved ??????I agree KDX should be a buyout candidate, but you have to think at this point that management has its eyes set on a bigger picture and would rather grow and become a major. Have to think majors have kicked the tires on this one and there was little interest from the KDX board in being purchased.
Also just because the price is low today, doesn't make the KDX team desperate, there are still rules to be followed involving X moving day averages for share price offers in order to protect retail shareholders.
the 200 day moving average in this one is atleast 50% higher, and then there would have to be a premium on top of that, so it would be a tough sell to non informed shareholders from the purchasing team.Its much easier in terms of a public relations story to purchase a company that has held steady for a year at say 5 dollars and then offer 5.50-6 dollars than it is to buy a Klondex that is currently valued at 4.77 (CAD) for say $7.50, and then have to explain to shareholders that its a really undervalued company and should be trading for around 6.50 right now.
Bottom line I would be shocked if this thing is bought out, and quite frankly I don't want it to be. Management has been doing a great job, Note I said this as I have been lucky enough to sell and avoid both major downturns in the past 2 years. I have re-entered now a couple weeks ago, and looking for similar gains. I just wish I have been as lucky with the rest of my stocks.
GLTA