Q: Hi Peter,
My question is in regards to Rio Alto (RIO.TO). There were rumors
that its insider (CEO) sold 1.6 m shares that I am not able to check. This event caused the stock to decline by 15% on very high volume, that's quite a lot, I think. What is your opinion on RIO at this point please?
And also if you have an opinion on junior exploration gold Co Balmoral Resources (BAR.V) could you please share it with us. I am long the stock as I was impressed by excellent grades of gold they intersected in Quebec in August (up to 1.5 KILO/t). Do you feel BAR might be a takeover target (e.g. for Detour). I guess it is quite difficult to properly value a company at early exploration stage (?). Thank you, Mike
My question is in regards to Rio Alto (RIO.TO). There were rumors
that its insider (CEO) sold 1.6 m shares that I am not able to check. This event caused the stock to decline by 15% on very high volume, that's quite a lot, I think. What is your opinion on RIO at this point please?
And also if you have an opinion on junior exploration gold Co Balmoral Resources (BAR.V) could you please share it with us. I am long the stock as I was impressed by excellent grades of gold they intersected in Quebec in August (up to 1.5 KILO/t). Do you feel BAR might be a takeover target (e.g. for Detour). I guess it is quite difficult to properly value a company at early exploration stage (?). Thank you, Mike