Financing? Sp would dive instead of run up, imho.
Take over? Baosteel is in to shore up a source. If they wanted to buy then they would have made an offer a couple of months ago.
If someone else then they would have to fight it out with Baosteel, and hostile take overs can not be prevented if the price is right. If that in turn was so, then a first offer of under 2$ would be a waste of time, no wishing for luck at this price. So I say small possibility for a takeout but the first offer HAS To BE over 2$ to have any seriousness.
I think the large switch in shares between accounts has been the trigger and Cannacord or someone else, opened their eyes again to the possibilities with this stock. Note that between now and year end all types of funds and similar bulk investors are moving their holds around for profit and tax reasons. I think the big switch is just that, however it triggered a response due the the attention genetated.
Will it last? You guess is as good as mine.
Native views always are an influence so them getting more in line may be the needed confidence for the Ring.
Have to concur with the common opinion that buyout is unlikely, some chance of drill results but as Glorieux and others say, it is likely to be a reaction to the switch between accounts.
Aren't mondays usually interesting? Am expecting nothing, Cheers.
