Kinross Gold Corp (KGC)

[Jamesmobile]

I don't know what will happen to KGC once the lies are exposed but with the lawsuits against KGC at the moment, it leads me to believe that SRGE is telling the truth. A theory I have is that KGC did sign documents with SRGE for a partnership. KGC employees probably started picking up as many shares as they could before SRGE released the news. KGC then might have shorted the stock right before they released their denial of having any dealings with SRGE. I honestly don't think that SRGE would be stupid enough to make such a claim and stick their neck out like that.

If you also look at KGC's statements, they are very vague and use words as "may" and "to the best of Kinross' knowledge". This could be a ploy to include such vague statements to protect KGC from any legality issues.

Either way, we will soon find out more details once more information is provided. I would personally like to see the signed documents that SRGE turned over to the SEC but they probably can't release it yet until this whole thing boils over. If it is determined that KGC's statements are false, I would expect the SEC to lock up its shares as well until a full investigation vets either of them.