RE:RE:RE:Do CAD cos have a buyout blackout period before earnings?What is their NVO investment worth now? $200M or so?
Buyback, yes, lots can be bought still, but aren't they in a blackout now? Doesn't that prevent them from buying them back at the moment? Isn't this the reason the manipulators like to wait until just before earnings are released to attack stocks and panic retail longs? Take advantage while you can people. Tomorrow morning we might have a flood of ABX, AEM and G sellers trying to load up on KL.
trader3000 wrote: 3.9 million bought back. But they can only buy 294K a day unless it is a block trade.
We are saw the blessing of going on the NYSE and now we are seeing the curse. Just as fast as it goes up it goes down.
Still a great company it great locations. Great cashflow and great investments. The investment in MTO gives KL a foothold in the Quebec mining camp. The investment in NVO gives it a toehold in potentially a major gold find. Sure KL spent 56 million on NVO, but the potential is huge.
I will keep adding slowly.