RE:RE:RE:It’s going to happen......bug buyout one day soon The issue here is Anglo, they hold a 20 % stake in Corvus which in the past was a blessing because they would always anty up for more drilling so no other company is going to take a run at Corvus right now without Anglo's blessing and so Anglo can just sit and wait.
I would suggest everyone else to just sit and wait, at these gold prices KOR is easily worth 2 bucks a share but probably should be closer to 4 bucks a share and if we get some serious drill results and gold goes over 2000 then maybe we could have a 10 dollar share company but that still a bit off.
I have personally been holding KOR for over 7 years and i have bought from 35 cents all the way up to about a buck fifty a share.
One nice thing is we now have decent volumes so if you want to get out you can now get out. When i was buying at 35 cents I sometimes was the only buyer of they day, only 1000 or 2000 shares at a time. (so sad i didnt by bigger volumes back then)
KOR is now the largest holding in my portfolio and while not prudent invensting on my part I am confident that this is a long term hold till we are bought out by Anglo or other.
The main downsides we have to watch out for would be crashing gold price (very unlikely) or that managment blows out the share structure by continually raising cash to drill. (I believe we are pretty well funded for the next year and a bit but i would prefer them to go slow and just wait for gold prices and the industry consolidation to catch up with the junior sector.)