It's pretty obvious...
posted on
Jan 13, 2011 12:20PM
(Edit this Message from the "Fast Facts" Section)
that we have seen a succession of new, doubt spouting posters appearing on Iblub/other BBs that replace the disappearing ones. What they all have in common is either blatant negativity... or they accentuate any and all factors that attempt to create doubt in the minds of all investors/would be investors...except for a handful of very knowledgeable longs who have the time and expertise to confront them with formidible debate. The latest one, "Road Worthy", reincarnation or not, appears to be a hired professional employed by either an MM or other entity such as a fund, to keep the heat on the stock price...in sympathy to those who wish to short the stock or see it fluctuate for the purposes of trading objectives.
My guess is that this will continue incessantly for one very specific reason: there is a major entity/ or entities interested in buying out the mining rights that SFMI holds with GHDC....at the lowest possible price. Duh! Someone has mentioned Barrick, for example. They are experts at such maneuvers...although they are not alone. In what is a very contemporary modus operandi these days, the objective is that the interested party/parties employ such predatory operations in order to keep the stock suppressed and well positoned for an opportunistic buy out offer at the lowest possible price.
How they incent the shareholders and management to succumb to such thefts varies with the prey. If the stock is tightly held by a small group of shareholders, they would have to be placated somehow. I leave that up to others here. There would be an expected, rigorous objection by a solid group of retail shareholders to theft of their monies.
The management, aware of such ploys, might encourage/entertain several possible suiters in order to create the most competitive possible atmosphere in orderthat the highest bidder would take the prize....or maybe tell them all where to go. We heard from almost the beginning, rumours that major interests were kicking the tires at War Eagle...and even the rumor that PQ has turned down one or more offers since the inception of this project more than three years ago.
Even the passing curious understand the fact that, along with historical data, Kinross and previous geologists have a very good idea that War Eagle has huge, high grade resources hidden under its peak....forget the 800,000 to 1.6 M ounces of gold equivalent money valued at well over $1billion. We know that and the predators know that. The game is on and the stock must be attacked from every possible angle, honest or not.
What is the end game?