RE:But what if the rumor is...This situation remind me of a certain Friday in February 2017 when Lake Shore Gold Mine suddendly saw its share price going up for no apparent reason.
In early Friday afternoon Tony made an announcement that noting was in the cards and business was going as usual.
But on the next Monday a big announcement by Tony was that Lake Shore was sold to Tahoe for $ 945 M
«
Tahoe Resources Inc.’s friendly $945 million deal to buy Lake Shore Gold Corp. is being viewed as a logical transaction that addresses challenges faced by both companies.»
In my mind Tony made a big lie because he was negotiating the final deal with Tahoe during the weekend !
Just to say that if there is a ''deal'' in the making Tony would not say a word about a possible coming deal !
In my mind this is a pure rumor but this is going to be a fact in the coming months.
To complete my comment a message from Seeking Alpha was sent in my mail box a couple of minutes ago and :
« - According to the report, the sales process is in an advanced stage, with at least four companies still in the process and "one has now emerged as the clear favorite," although that company is not specified.
- "This deal could be announced at any moment and is the driving force behind KL's share price outperformance these last two weeks," the report says.
Cheers