RE:RE:RE:Short Interest UpdateWe need to get quite a bit higher for take-over. If a T.O. made at this price, 90 % of long term shareholders would still lose and be underwater and I doubt BoD would agree to anything under $ 4.00 USD since they still have quite a # of shares. Big deal if Huet sold a bunch in February.
The BoD will protect their own interests before the CEO's.
What was great was the $ 2.80 USD level December 26th, takeover on that at 43 % and most shareholders get out ahead....by a bit. But, we're a far cry from that in just 2 weeks time :( sadly. Also, disturbing to know the shorts knew ahead of time. Someone obviously leaking information at Klondex. Terrible and people should be jailed.
The stock is at the days as you say when Midas was just in acquisition phase. TN has been fully discounted out now, so has Hollister. Scary how low this stock is with gold at $ 1339 USD. Someone should take them out in cash at $ 4.00 USD and any shareholder would say yes to this offer, myself included.
JIN
Looking4Doubles wrote: Agreed - Building up a big position again like I did in July. Gold prices look like they may match the fast start we got in 2016 and you know what they say . . a rising tide lifts all boats. (& you normally make the most money with the cheapest boat) While some may be waiting it out, I decided to pounce when I saw that Klondex was around $1.87 as Midas was starting up ! (WAY too cheap !) If this price doesn't generate take-over interest, there is none ! Still hoping for SRRM