Post by
papadog on Nov 25, 2005 3:39pm
new holder
Did it occur to anyone that this new Fund just bot Kinross position?
Comment by
fubar45 on Nov 25, 2005 4:11pm
Did it occur to anyone that this new Fund just bot Kinross position?-------------------------------------------------------------------
That thought occurred to me as well….. but if Kinross sold here they would be loosing money. Why would they do that with this project nearing completion?
Also how do you buy 7+ million shares in the market around $1.76?
Comment by
papadog on Nov 25, 2005 4:40pm
i think the numbers are too close to be a coincidence. nov 22 a block trade went thru for 7.86 mil shares at 3.20 pm.Who else has that many shares to sell in a block? I am by no means an expert but maybe Kinross just needed to raise some cash and they are growing impatient as are other investors or maybe they have foregone takeover plans for CLG in order to pursue more exciting projects.