Re: 58c Icebery buy
in response to
by
posted on
Mar 08, 2011 02:15PM
Now you have Fidelity and Scotia buying big along with Cannacord, together, these 3 have been the biggest buyers in the last few weeks. The fact that they are still buying agressively tells me nothing has changed from a possible take over/merger scenario.
Our NR this morning could not have been written more negatively. We basically put ourselves up for sale screaming: We are broke, please take us out of our misery. My guess is a few of the big gold producers are now crunching numbers and seeing if adding 6m ounces at a grade near 4g/t that is available under a stress sale is worth going after. I cannot imagine at least one or 2 of them not wanting to take a swing at this if for nothing else than getting the russians to pay fair price.
Hopefully, none of the smart people here sold first thing this am...
Glorieux