KLONDEX MINES LTD. T.KDX

Waterton now owns 10% of Klondex

[Syntaxx]

Said they are acquiring for investment purposes. At least someone is buying. News release below:


https://www.newswire.ca/news-releases/early-warning-report-news-release-in-respect-of-klondex-mines-ltd-675388843.html

[88guy88]

very interesting.....a gold stock that is beaten up this much is an easy takeover target....

[p.yu]

That is a concern for sure. However, their large shareholders have much higher ACB's with the exception of Waterton, so unless Waterton ups the ante and buys more shares, they will have a hard time putting this into play at these price levels. 

[insideoutside]

In this fairy tale turned bad some of us are prone to magical thinking: Waterton will rescue the damsel in distress (Mr Huet) from the dragon (annual shareholder meeting). The fact is someone with a very large stake decided it was better sell than hold.  Waterton a place in line so the shares would not be dumped in one or two trading sessions tanking the share price.  Of course, in order

[p.yu]

Have no idea what you are rambling on about but I thought you might like to know that Waterton acquired the 5M warrants when it sold the Hollister assets to Klondex in 2016.