Re: Evaluating their property
in response to
by
posted on
Mar 04, 2010 04:21AM
A history of successful gold exploration
The share structure here is very tight, with about 65 MIL shares outstanding, and over 30 MIL of them accounted for in hands that aren't selling.
This stock isn't a trade, this stock is a hold for the takeover, which, without a shred of doubt, is coming sooner than later.
Kinross will NOT want the updated modelling and resource estimate, along with the feasibility study hitting the marketwire. That would double our stock-price in a heartbeat overnight.
Very simply, the longer they wait, the more they are going to pay. This is a stock to load up the wazoo with and sit on for awhile.