RE:Canaccord says buy just yesterdayStockmyster,
Those two transactions were in all likelihood pre-arranged. Luxor Capital backstopped the Newmarket Gold deal that the current management of CXB was quite successful with. Cal8bre also had alot of help from Luxor with the purchase of the producing assets in Nicaragua.
I believe B2Gold had approximately 32 million shares of CXB that BTO acquired with the acquisition of B2Gold's assets in Nicaragua.
If you feel that this management team has " lost all credibility," then sell and move along. Find another gold miner trading with a Price To Earnings ratio of 5:1.
stockmyster wrote: 24,486,000 shares transacted in two tranches - sold by same brokerage - canaccord - only two entities with that many shares to sell - luxor capital and b2gold - question is which two entities were on the buy side -
what a coincidence we have a board member who recently worked for Canaccord. If this has to do with insiders getting the scoop on some news that the rest of don't then this company and board has lost all credibility