RE:RE:RE:RE:Should be under $3.00 within 2 weeksbuxtondude wrote: A $13.00 stock doesn't go to $3. just because the market is fluctuating. there is something else going on that we are not aware of, expense lesson here....
Oh yes stocks sometimes do, with no real reason, that is what you call opportunity.
Buy low , sell high.
Do yourself a favour and open up a 5yrs chart of SANDSORM (SSL.to) or Royal Gold (RGLD)
both are streamers/royalty companies.
In SSL`s case some market particiapants did not like the Mariana aquisition, togther with some
weakness in Gold SSL hit a low of 2.75$/sh then went up to 9$ about 4 month later.
RGLD`s stream counterparty Mount Milligan had some issues, RGLD hit a low of 25$/sh then moved to 85 3 month later.
Such moves happen.
As for KBLT, you can buy the stock at cash + cobalt holdings.
Cobalt per LME ( price as per Metal Bulliton Board is even higher) is 55.000US$/tonne = 75.000Can$/Tonne
That values Cobalt at 218 million Can $ + Cash of 50 million Can$ = 268 million$ Can/85mm shares = 3.15 /sh
So were really close here.
You basically get for free
*Voiseys bay Stream
*10 other royalties
As for insider activity. KBLT is currently in black out period.
Meaning Insiders are prohibited from making purchases or sales.
But before that came into effect they bought heavily around 4-5$/sh
no sales
The buyback is as well on hold in blacjk out period.
Current price is a massive opportunity.