Agnico Sells Rubicon

Agnico sells Rubicon minerals stake, probably because they have bigger fish to fry. They are probably going to buy out a rival miner.

If you believe my take on treasuries vs. mining stock thesis, then any operation struggling in its share price and doted with a massive short position according to Bloomberg's Key Statistics, then they make a takeover target.

Kinross is very cheap and has a short position of ~200% of its shares, meaning that commercial traders will welcome any lowballed bid for the miner, because that will close their position. Kinross will not be able to defend itself from an offer.

Any gold miners with a massive short position of its entire public float is a target.

http://business.financialpost.com/2012/06/04/agnico-eagle-dumps-rubicon-shares/

-F6