Re: Let the M&A frenzy begin! Kinross buyout of Canadian explorer!
in response to
by
posted on
Dec 09, 2021 05:45PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Regardless I want a much higher share price to wait this out and enjoy the ride for a change.
Ernesto will decide on that. If Ernesto increased his holdings by 1% through purchases in the market, we would be well north of $1.50 to $2 for a share price imo. Something tells me he won't do that.... and rather opt to fund the company at 15 cents or even better yet for him at 5 cents if the SP can be pushed down to that level for a milisecond. And grab riddiculously cheap warrants to boot too. What have EE and ES done in the past? We're letting them get away with this. So why would they not go back to the old paybook?
Demoralize the share price down and then take advantage of the weakness they caused. Why not? No one calls the police, no one sicks a lawyer on them. Bend over again everyone. We are not done being screwed-over and fleeced.
JMHO