RE:RE:RE:RE:RE:RE:Merger Key Valuation methodThe quote on both US / Canada markets had not appeared on my radar until highlighted on this board.
As KLG and been contrasted with Klondex in a number of posts, this comparison again seems to be quite informative, for the reasons below:-
- 653,406 shares are the average 3 month volume of KLDX [klondex NYSE]
- 762,476 shares are the average 3 month volume of KDX [klondex TO]
- KLDX prices on NYSE today are $5.17 Bid and $5.19 Offer.
The conclusion is clear, that the NYSE seems to be vital to klondex's share activity / performance. The NYSE quote enables a 2c spread on transactions, which is bound to encourage activity.
Just to, add another factor to the US quote as a key objective for the board, My suggestion would also be to make the one off payment to Franco Nevada in order to reduce the royalty cost by 1% of NSR and
use that 1% as an annual dividend payment.
The combination of both of these measures could improve the SP by a factor that would arise from striking a new rich gold vein.