Re: Post from Caras blog...
posted on
Feb 03, 2008 01:35PM
We know that Goldcorp showed a debit on their balance sheet in the same quarter, and matching in monetary terms the sum that a mystery investor plunked down in cash to buy roughly 10% of Crystallex. At the time....Bill Cara connected the dots and opined that it was Goldcorp. Now Goldcorp is, once again, flush with cash...just when KRY is in the process of refinancing and things seem to be making progress in the Bolivar State. With $1,566,000,000.00 of walkin' around money jingling in their trouser pockets (from the sale of their 48% stake in Silver Wheaton)....is it conceivable that Golddcorp may want to double down on their favorite pot of gold at $1.98\share? Now tamp that thought gently down in your pipe...light it...and think very carefully about the ramifications of such a concept as you watch the smoke drift up towards the ceiling...