You notice the huge sell order 3 minutes before closing? In seconds it drove the price down over 50 cents, but today there was enough time for the price to recover. Short interest is low, but someone's depressing the closing price. Another quarter of good earnings and it probably won't matter, it won't work anymore.
Having a real CEO couldn't hurt. Who, other than current investors knows about what Richmont is accomplishing? Any potential new investors know what's happening with our mines? Our company is a phricking secret.
Don't want or need a buyout...RIC can go much higher than $15 without a buyout....Be careful about wishing for buyouts especially gold sector...A lot of times there is very little premium and only serves to cap the price.
Stating my opinion. Chamandy fully intends to lead a buy-out of richmont mines. he "hand-picked" the additional board members to that end. can't prove my speculation. Is definitely logical. Don't you wonder why this trading is so screwed-up? Everyone and their brother knows we belong over $9.00 today. strong buy thru $15.00