RE:RE:RE:newer video CruxNoble issuing 3.5 million CNC shares dividend is reason for CNC selloff? Really? You have to be kidding me. Do you know how many millions of CNC shares have traded since NOB declared CNC dividend on Mar 9th? NOB actually announced the dividend in January. It is being suggested that all 3.5 million of these shares are being shorted - before they are actually distributed - and that's what's causing CNC weakness. Give me a break.
reddog11 wrote: The way Mark has tried really hard to not name the strayegic that withdrew leads e to believe it was Tsingshan. This interview Mark indicated something blew up with the strategic. However, its confusing how the PP came out basically the day of the nickel issue on the LME.
Still not clear, but i did appreciate the interview and the Noble shares were addressed which I also have felt was the culprit. Had I understood better that the CNC shares were a "dividend" then it would make sense its basically free money for noble shareholders and therefore was little floor for CNC shares. They cn b horted an thn replaced once the dividend is distributed.
My opinion is we are at or very near a bottom.
JMO
RD