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Bullboard - Stock Discussion Forum Maple Gold Mines Ltd V.MGM

Alternate Symbol(s):  MGMLF

Maple Gold Mines Ltd. is a Canada-based advanced exploration company. The Company is primarily involved in the exploration of mineral resources in Canada. Its projects include Joutel Gold Project, Douay Gold Project, Eagle Mine Project, and Morris Project. The Joutel Gold Project is 100% owned by the 50/50 joint venture between Maple Gold and Agnico Eagle Mines Limited (Agnico). The 39 square... see more

TSXV:MGM - Post Discussion

Maple Gold Mines Ltd > Agnico and Kirkland merge.
View:
Post by locomoco on Sep 28, 2021 7:52am

Agnico and Kirkland merge.

Upon closing of the Merger, the Company is expected to have $2.3 billion of available liquidity, a mineral reserve base of 48 million ounces of gold (969 million tonnes at 1.53 grams per tonne), which has doubled over the last 10 years, and an extensive pipeline of development and exploration projects to drive sustainable, low-risk growth.


https://www.juniorminingnetwork.com/junior-miner-news/press-releases/709-tsx/kl/107372-agnico-eagle-and-kirkland-lake-gold-announce-merger-of-equals-to-create-highest-quality-senior-gold-producer.html

Comment by bluegrass3 on Sep 28, 2021 10:45am
A couple of thoughts: Deal isn't finalized until December at earliest, possibly 2022. That gives MGM time to increase resource estimate to 4.8M oz. or more. 4.8M would be 10% of the merged company's total oz. With a 10% increase in their total oz. right in their backyard obviously a takeout target. They will have $2.3B in liquidity, so how about spending some of that on MGM. How much ...more  
Comment by aschi1 on Sep 28, 2021 11:27am
Hi Bluegrass, i,m afraid you have to rethink your Numbers ;) First of all - how do you count the 4,8 M Oz for Maple - unfortunately we stand at 2,8 and what is to note - that's not a Reserve ! Just inferred  I personally don't think we hit 4 Mio with the new Resource Update.  As for your 10 % - they are talking from Reserve Status . The Website from Agnico alone points ...more  
Comment by bluegrass3 on Sep 28, 2021 1:20pm
Hi Aschi, I welcome your input. I agree I'm optimistic with the 4.8M, but i lke round numbers.  If they currently have 2.8M (I know not at the highest level of certainty) I doubt that they would plan a new resource update to bring it up to 2.9 or 3M.  therefore the number has to be somewhat higher, not 4.8, but maybe 3.5 or higher.  All guesses of course. Another thought ...more  
Comment by aschi1 on Sep 28, 2021 1:44pm
BG3 agree - between 3,5 to 4 Million Ounces is my Guess with around 20.000 Meters Results added. We had two great Holes in Nika and 531 - but as well many with nothing countable - I,ve expected some Hits at NE IP Target ( they referred to Vezza) but nothing great yet there -  Market does not give us any Support with most Explorer / Juniors well down 50 % plus since their Highs 12 Months ago ...more  
Comment by Angelique01 on Sep 28, 2021 2:39pm
Hi Aschi1, Without a doubt you are one of the more knowledgable posters both on Stockhouse and on ceo.ca with respect to MGM.  I concur 100% with what you have stated.   Yesterday I started an opening position (initial tranche) in MGM.  Not quite at the same level of ownership as you  but may get there eventually.   Patience is the key. 3 reasons for buying. 1 ...more  
Comment by jdgreat1 on Sep 28, 2021 3:08pm
OMG!!! Here we go again. Can you give a break? So you  bought in. Not wait any more for 25cents? I think it may go down more below 20 cents, HAHHHAH Self-fulfilling prophecy at the best!
Comment by Angelique01 on Sep 28, 2021 3:26pm
Do you have anything intelligent to say?  Doesn't appear so 
Comment by jdgreat1 on Sep 28, 2021 3:57pm
Same to you. 
Comment by ikny on Sep 28, 2021 6:57pm
Angelique, for shame,watching price movement,gold price,oz.per ton,and waiting patiently for an opportune moment to invest...If you are going to take a rational approach to investing,please leave this board...there is no room for that kind of chicanary.
Comment by Angelique01 on Sep 28, 2021 8:31pm
Yes ikny, My apologies.  I stand chastised before you.  I will try and not let it happen again.  I will set aside a rational thinking or commen sense approach.    Yaba Dabba Doo,  TO DA MOON  and GO MGM GO.  How is that? Better?  May I stay.  Please.  
Comment by Angelique01 on Sep 28, 2021 8:40pm
Comment by aschi1 on Sep 29, 2021 4:34am
Hey Angelique1, nice to see you are on the Investor Side right now :)  i´m always happy finding some Posts with some "critical" View to rethink my very optimistic Point as well. Of Course some User do not want to hear anything to be questioned - Dreaming of a Take Over within 12 Month at a Price above 1,5 CAD is beautiful - but bringing up comparable Examples or Thoughts of ...more  
Comment by ardbegoil on Sep 29, 2021 8:46am
MGM is the "mouse" living with "elephants" and I hope we hear some real good squeeking from our MGM leaders soon....It will be nice when we become an important component of this new combined enterprise....best to all
Comment by jdgreat1 on Sep 28, 2021 1:45pm
Matt said target is 5M ounces! With the drillign holes since last estimate, we may see it before the end of this year when new resouce update comes out. Ten baggers potential has not changed a bit, actually even stronger. After KL deal, next is MGM! :) GO MGM! TO DA MOON!
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