RE: Kinross Gold raises stake in CLG to 12.74%Thanks Roundtrip, it is worth mentioning that on August 20, Kinross paid an average price of $2.35 per CLG share... These guys after a surely deep analysis (which I assume given that they own now close to 7M shares) are simply clearly telling us that the intrinsic value of CLG is worth more than $2.356. By the way, this is a lot more than the $1.90 - $1.95 they paid just 2 or 3 weeks ago. Surely a no brainer at this price for someone willing to reinvest in a gold stock. It sounds like sometyhing interesting is coming (a buy-out)...
Mart