PINL:VLTAF - Post by User
Post by
willbaron Oct 28, 2013 11:30pm
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Post# 21856732
Surprise Move
Surprise MoveThe deal seems to be a friendly one and yet the price ratio seems to be very much in favoour of the acquirer. Kiaka probably has 7 mm oz available and Gaoa 3mm plus 2mm lb of copper,. let alone the other prospects at Nassara and Titao. To have offered up gold reserves in the ground at less than $10per oz and the copper for free is a big surprise.
B2Gold is a well managed company and probably worth holding in its own right in the long term especially if this deal closes as presently constituted.
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