GREY:ALXDF - Post by User
Comment by
production05on Jan 23, 2015 6:24am
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Post# 23354790
RE:More bought deals in PM sector today (far bigger too)
RE:More bought deals in PM sector today (far bigger too)
Cdn gold price now up to $1,609, with US being $1,296. Assuming current US/Cdn exchg rate, Cdn gold price can get to $1,700 with US$1,370 price. At some point, (you would think) the substantially higher Cdn $ gold price will make Alexandria-Murgor`s 5 existing gold/gold-copper Canadian deposits - plus the 2% West Zone Canadian NSR - more attractive (never mind a number of additional (very high potential) Canadian exploration property). Other recent (large) bought financing deals in the precious metals space: 1) Yamana Gold announced a C$260 million deal on Jan 12/15, 2) Pretivm Resources (Cdn$100 million) - not an institutional bought deal, but on Jan 16/15 Pretivm closed a C$81M deal with China`s giant Zijin Mining Group and on Jan 21/15 a C$18.3M deal with existing shareholders, 3) Platinum Group Metals closed a US$114 million deal on Dec 31/14.