Friday's market was not likely a result of full exposure to the news release so we may see substantially increased activity during the week ahead. One factor will likely be the degree to which Europeans look favorably upon Kodiaks recent presentations in London and Zurich.
Once a current "market level" is established I am wondering how long it will be until some major mining company starts to take a serious look at a buy out.
I believe that one of the company heads made a statement about not wanting to sell for "half of what it was worth". Does that translate to meaning an offer of double next weeks share price might be favorably looked upon.
I think it is generally accepted that Kodiak is in no way prepared to proceed to mine operations. It is an exploration company that has successfully taken this project to this point. A sale of the asset is the logical conclusion. The question remains when and at what price?
Onward and Upward