Well, I always thought I would hold most of my position (although I'm heavily weighted in call options and timing might force me to alter my plans) until at least 45 days after the issuance of the permit. If you've been around long enough, you'll recall that in 2006 a "secret investor" purchased approximately 4.99% of the then outstanding shares and an additional 5% stake in warrants which become vested in the investor 45 days after the issuance of the permit. There has been ongoing speculation that Goldcorp was the "secret investor." If so, the investment would put them in a strong position come takeover time. Overlooking the Shareholder Rights Plan for now - what if GG somehow holds the 10% and is able to gain control of the Tradewinds shares?

Here is a 2006 Cara article discussing some of these issues:

http://www.billcara.com/archives/200...