Post by
arh0070 on Jan 04, 2018 6:41pm
Abitibi
Not much right now .Personally I would like to see abitibi sell some of thier agnico and yamana shares and use the money to buy back 50/50 shares from the market and gzz .In that way gzz maintains its control but reduces the amount of the gzz float and increase its price .Since gzz is trading way below its breakup value it makes sense for them to buy back thier shares .Abitibi is a passive vehicle for holding the royalty for malartic mine and within a year or so should start seeing some cash flow ,I guess the hope is that they find a lot more gold in the abitibi royalty area .Not sure why abitibi continues to hold yamana and agnico shares .
Comment by
Mattheus on Jan 05, 2018 9:00am
Well they need to hold the yamana and agnico shares so they can keep doing their covered call strategy which is the only income they have to pay bills of course as they wait for the eventual royalties to kick in....or so they actually have something to do once in a while cuz their royalty search certainly isn't keeping them busy