KRY:
- KRY should be top news for the next couple of weeks considering they have been awarded one of the 6th largest gold deposits in the world.
- My guess is they will retain around 70% of the project with about 30% going to the CVG.
- By the time all is said and done...KRY will be responsible for investing close to CDN$ 1 Billion ($200 Million so far according to Cottin) in Venezuela.
- Several mining analysts and newsletter writers will scramble to get reports out this month.
- Over 2 Million shorts may want to cover starting Monday morning.
- Many institutional buyers will add to their positions.
Market Capitalization: U.S.$137.5M
Shares Outstanding: 81.3M
Float: 80.5M
TSE Short Position: 708,892
AMEX Short Position: 1.34 M
Some of the players to watch for...
Notable TSE (a couple weeks old) positions:
Scotia 1,669,890
Sprott 537,300
Bunting: 320,614
Salman Partners 315,700
* Yorkton bought 742,000 last week and crossed 298,300 on Friday
(More on that later)
Institutional:
Standard Bank (London)
As at 26-Dec-01 Held 4,604,181 shares
Global Capital Strategic Advisors*
As at 30-Jun-02 Held 4,131,698 shares
Ontario Municipal Employees Retirement System (OMERS)
132,700 plus 2,222,223 in a PP to hold 2,354,923 shares.
State Street Research & Management Co.
1,450,000
Moore Capital Management, Inc.
896,900
Kilmer Van Nostrand Co. Ltd.
888,888
Oppenheimer Funds Inc.
402,000
David W. Tice & Associates, Inc./Prudent Bear Fund
400,000
Van Eck Funds/Van Eck Associates Corporation
343,000
Sterling Johnston Capital Management, Inc.
280,350 |
