Long term capital gains were stolen from youBy "silence is golden Bruce" when did a terrible job of promoting SBB.When he seen the staggering over valuation of the GBR deal he should have contacted the 4 losing bidders of GBR to hold an acution for SBB.Instead he fell in love with the idea he wanted to build a mine at Goose and avoided any public promotion as to not attract a take over of his baby.But it happened any way at a depressed SP that B2 could not pass up.Look at the targets here and see just how Bruce cost long term shareholdersto forfit future capital returns.I suggeted to the company to do an auction post the GBR deal.But they were not interested in my idea.It now has cost SBB shareholders $ billions of lost capital gains
Globe says Sabina Gold moved to "tender" from "buy"
2023-02-15 08:15 ET - In the News
The Globe and Mail reports in its Wednesday, Feb. 15, edition that following Monday's announcement that it has agreed to be acquired by B2Gold in a $1.1-billion deal, TD Securities analyst Arun Lamba moved Sabina Gold & Silver to "tender" from "buy" with a $1.87 share target, down from $2.75. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.05. Mr. Lamba says in a note: "We view the transaction as a favourable outcome for shareholders as it represents a fair premium (approximately 45 per cent to the 20-day VWAP [volume-weighted average price]), at a reasonable multiple without having to deal with potential upcoming financing, construction, and execution risks, and it does so in shares of B2Gold (we have a positive view on BTO). In our view, based on a lack of balance-sheet capacity (or northern construction experience) from many mid-tier miners, we do not believe that a superior bid will arise. Moreover, we do not believe that a large-cap miner would be inclined to bid, given that most, in our coverage universe, are busy with recent transactions or Back River's near-term production profile would not move the needle."