GREY:RNKLF - Post by User
Comment by
goldhunter11on Feb 09, 2019 5:44pm
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Post# 29342725
RE:Still scratching my head about....
RE:Still scratching my head about....CandleS,
This is a classical example in switching horses for some excitement. $16M is a small portion of his holding (~10%) of KL, so he has some $0.5B in KL. My guess would be he is going after a potentially faster horse and there is a chance for him to land a multi-bagger, say 5 - 10 bagger, with his new horse, while the trusty old horse could bring him 30%, 50%, or even 100% gain.
If KL decided to go after RNX with some nice premium in an all share exchange ES would get back a lot more KL shares for a little bit of fancy footworks.
GH11
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Candlesticks wrote: Sprott selling KL. Seems to be over 16m dollars worth. But more so that it was just starting on quite a tear roughly now 30% higher than when he started to sell. This happening in a matter of a couple of weeks . Yes he has been buying more RNX since. Where’s the rest of that money going to end up and why in such a hurry while KL starting on a tear?
good luck
Candlesticks