Post by
dogwag on Feb 07, 2017 1:35am
MOVING UP!!
KL seems to be moving up more than other gold stocks which couls suggest that GFI and SSO are back looking at taking over KL.They said that they were still interested in a takeover and would revisit Kl in the future with a proper takeover and not a hosile takeover as in the past.Tony said he may look at $ 15.00 a share for Kl but that was before all the great intercepts in Aussie land.We will know something soon but something tells me it is not just the rise in gold pushing KL up so much.Feels good to be back around $11.00 though!!
Comment by
JRaffles on Feb 07, 2017 4:54am
dogwag - it is a good to policy follow up past interest in KL. Since the end of 2016 SSO has risen by 27.89%, but KL has increased by 55.84% It could therefore be said that a takeover by SSO would be regarded as a case of the tail wagging the dog!
Comment by
goldminer01 on Feb 07, 2017 10:25am
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Comment by
Monkeydonkey on Feb 07, 2017 9:09am
You could be right. I'll try to get some more info later. Anyway kl is still way undervalued, while it is a top company. And i see no red flags whatsoever... But other top mid tier gained the same percentage lately (like endeavour mining and first majestic silver), so it doesnt have to mean anything. Could just be a lot of guys getting into top companys.
Comment by
Monkeydonkey on Feb 07, 2017 1:11pm
Dont think silver standard is coming again. So it remains the same, we could get bought out. We could buy out someone. As i mentioned before, i like aurico metals...
Comment by
JRaffles on Feb 07, 2017 2:45pm
As i mentioned before, i like aurico metals... aurico is an interesting suggestion - it holds a 2% royalty on KL prized Fosterville mine. also, it seesm undervalued compared to its peers and has a low mv for aquisition purposes.
Comment by
Monkeydonkey on Feb 07, 2017 3:51pm
They also have a royalty on the stawell mine. And a royalty on the previously mentioned wesdom mine... I would love a strategic move like that
Comment by
goldminer01 on Feb 07, 2017 10:23am
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