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Great Basin Gold Ltd. Message Board

barry_obummer 6 posts  |  Last Activity: Sep 15, 2014 2:49 PM Member since: Jun 6, 2009
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  • Reply to

    Why the drop (IMO)?

    by barry_obummer Sep 12, 2014 5:08 PM
    barry_obummer barry_obummer Sep 15, 2014 2:49 PM Flag

    Hmmm. Maybe you did not understand that my post was addressing the drop in PRICE not "serious consequences to company." That price has dropped about $7- about 30%- from over $23 to $16.60, which some investors might think is "serious."

    May be you also did not understand the date of my post was last Friday, 9/12. I did not see anybody else talking about the vote in Scotland at the time. If I missed THAT POSTER you have not named, my apologies to all.

  • barry_obummer by barry_obummer Sep 12, 2014 5:08 PM Flag

    1- The insider sale.
    2- Oil stocks hit especially drillers.
    3- What nobody else is talking about: The Scottish vote next Thursday for independence from UK. This has tanked UK stocks. Drilling stocks- especially in Scottish waters- mostly likely hit more. Why? Uncertainty. With Scottish independence there are concerns on where their new gov't. gets funding. One possibility is to increase taxes on oil extraction and the equipment of drilling companies. It is very possible that (1) insider sales NOW was driven by the potential price drop due to Scottish independence vote.

    In the long run, this turns around. When dust settles and great dividend yield is calculated, AWLCF will rise again.

  • Reply to

    The case for buying KMR over KMI

    by uhadmeatdividend Sep 1, 2014 11:24 AM
    barry_obummer barry_obummer Sep 10, 2014 9:59 AM Flag

    There was no logical reason for KMR to be over $100 in my opinion. The run up was mostly traders in and out. So, yes fallen from peak but that peak was illogical. I did not expect it to hold. KMR was 77 the Friday before the announcement. At 94 now, that is not a drop.

  • Reply to

    The case for buying KMR over KMI

    by uhadmeatdividend Sep 1, 2014 11:24 AM
    barry_obummer barry_obummer Sep 9, 2014 1:22 PM Flag

    Right now (9/9) KMR is 94.02 and KMI is about 38.50.
    94.02 (KMR) divided by 2.4849 =37.83.
    If (a big "if") KMI does not fall below 38.50, you only make 67 cents by buying KMR at 94.02 today.If I was planning on holding KMI, I would not buy KMR now as KMI may fall further- below 37.83 before closing.
    I have said that as we get closer to closing, KMR will fall closer to deal value of 89.75- maybe not all the way, but like to 91, which would make KMI value at 36.62. But what if KMI is 36 at closing. You are better off buying KMI at market price.
    The risk of arbitrage by buying KMR is nobody knows where KMI will be at closing.

    Although unlikely vote could fail, what if you buy KMR at 94 today; vote fails; deal is off; and KMR falls back to 77? You just lost 17 per share.

  • The CEO was supposed to be a builder of biotech companies.
    He must be "Conan the destroyer."
    I planned to average down at 15.
    Maybe I will wait for 5.

  • Reply to

    AUXL making run up before good earnings!

    by rudy81394 Aug 6, 2014 10:29 AM
    barry_obummer barry_obummer Aug 7, 2014 12:13 PM Flag

    AUXL 17.96
    What a disaster!
    Failing on every metric.

0.00140.0000(0.00%)Oct 17 2:03 PMEDT

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