OTCQX:GLVMF - Post by User
Post by
arh0070on Jan 04, 2018 6:41pm
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Post# 27285050
Abitibi
AbitibiNot much right now .Personally I would like to see abitibi sell some of thier agnico and yamana shares and use the money to buy back 50/50 shares from the market and gzz .In that way gzz maintains its control but reduces the amount of the gzz float and increase its price .Since gzz is trading way below its breakup value it makes sense for them to buy back thier shares .Abitibi is a passive vehicle for holding the royalty for malartic mine and within a year or so should start seeing some cash flow ,I guess the hope is that they find a lot more gold in the abitibi royalty area .Not sure why abitibi continues to hold yamana and agnico shares .