K92 Mining Inc T.KNT

Just Wondering

[mix1994]

When a company makes a takeover offer they will frequently quote the recent closing prices for the company to be taken over to show how good their own offer is. Just speculating but hasn't the closing price of KNT been manipulated recently?

[themason]

Manipulation happens through the GDX & GDXJ !

[themason]

Gold up $14 and GDX is down.

[Y93H1979]

Yes, but they will also quote the average price (volume weighted average price) over a longer time period, say a month or two, and yes, the closing price of K92 has been manipulated, hence the speculation that a larger entity has been eyeing K92 and doing it's best to keep the share price from appreciating to rapidly. That's why investors in the company should look at the potential value

[checkup]

This post has been removed in accordance with Community Policy

[cyber37]

Good point Mix, but maybe GDXJ fund feels that they did not get enough of KNT in September raid (where similar price suppression/manipulation of closing price was going on at $8) and is repeating this now? Perhaps Securities Commission should look at this….even though this is a rather common practice by smart $ss fund managers?  If anything it would appear that the value is there and some

[RONNIE111]

Cyber 37 The way I understand GDX, or GDXJ I assume,   is that they are agnostic in their purchase choices.  They are an ETF, and hold companies in proportion to the market cap of the companys.  So if money flows into GDX then they will put twice as much of that money into a company with a Market Cap of 10 billion, than a company worth 5 billion.  And GDX has no interest

[cyber37]

Thanks Ronnie111; would that explain some of those erratic swings for KNT, especially at closing. Personally, because of relatively small volume ….I think those swings are done by parasitic day traders feeding on shareholders that are insecure about the value of this company & are easily spooked. G37