Post by
apapas1973 on Jan 02, 2024 7:53am
Flow through purchase price went up.
The original news releases that started last week had the flow through shares purchased at 118. According to the CNC news this morning they're being purchased at 177. That means Agnico was willing to pay 50% more for these. Unless last week's news was in error. Regardless I'm the grand scheme of things it's chump change for Agnico. GLTA
Comment by
EndZonefor7 on Jan 02, 2024 8:00am
There's the benefit to the sellers, apapas. Timing must be based on before year end for tax reasons ? Only thing I can think of. "Various offtake initiatives" to be done by January 18 still on deck. Sounds like more than one. Will be interesting to see how far it runs today.
Comment by
apapas1973 on Jan 02, 2024 8:05am
You could be right Endzone. Not sure anymore. As long as they don't use this money to pay off the loan. Because then we know still no offtake deal. The news release does state money to be used to advance the project. I think we'll see some kind of run here. Let's see what happens. GLTA
Comment by
idlefreebird on Jan 02, 2024 8:22am
APAPAS , YES HOPING FOR A RUN AFTERI GET MY TFSA COMPLETED LOL . GLTA
Comment by
idlefreebird on Jan 02, 2024 8:21am
endzone , different lok from this release ..it's an actual PP...LOT'S GOING ON BUT GOOD ENDORSEMENT.