Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum iShares 1-10 Year Laddered Government Bond Idx ETF T.CLG

The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-10 Year Laddered Government Bond Index the Index, net of expenses. The Fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through... see more

TSX:CLG - Post Discussion

View:
Post by tano on Nov 25, 2005 6:54pm

About Resource Capital Funds

Here is some info on Resource Capital Funds. I hope that this firm does not intend to "steal" the company away from small shareholders at bargain basement prices. https://www.resourcecapitalfunds.com/rcf_abou0.html It's hard to say what motivated Kinross to sell its CLG position at $1.76 per share. Given CLG's promising prospects, $1.76 per share seems very low. This is pure speculation on my part, but maybe Kinross wanted to crystallize a capital loss (I don't remember what price Kinross paid for its CLG shares). Alternatively, maybe the goal of the transaction was simply to transfer the upside potential offered by CLG's shares from Kinross' shareholders to RCF; it would be interesting to see if any Kinross insiders are investors in RCF.
Comment by slamdance on Nov 26, 2005 10:54am
Thanks Very Much for the last number of posts which shows a new direction for the company (different than what I was thinking). Originally, I would have guessed that KINROSS was waiting for final permitting completion before bidding for the company. The word last year was that they had an idol mill in the north that could be transferred to the site. It could still be done (if in fact true) with ...more  
Comment by utomdsb on Nov 26, 2005 9:39pm
according to SEDI, RCF is big in EuroZinc. Cumberland sold off its interests in Eurozinc in the last 2 years (about 4.5M shares) Maybe that's how RCF heard about Cumberland (they might have bought some of those shares)
Comment by Roundtrip on Nov 27, 2005 12:09am
tano, Kinross bought their first position in CLG on May 4, 2004. CLG was trading at around $2.20 Cdn at that time. So it looks like they sold at a loss. rt
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities