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I do not know the answer to that but it would definitely be worth finding out. Off the top of my head I dont think the government can just take control without compensating the company in some way shape or form.
You also have to think, since this news is publicly known and especially known to all the major institutional holders, that if it was a big negative they would have all sold off into the news.
Looking at a chart of KRY the stock closed today at $2.48 which is right near the August low of $2.32, but there hasn't been any distinct heavy distribution days that I can see here. Gold/Silver are extremely hot though right now as well, if that trend ends KRY most likely will not be a good hold.
So really you can ask yourself, is this stock worth holding at all?
Hope that helps!
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Blain Reinkensmeyer
Elite staff member, stocktradingtogo.com
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