outtake from Klondex acquisition Today Klondlex was aquired by Hecla for 605mil $ . Here is an important outtake from the release I find interesting.
Opportunities to acquire significant land packages along Nevada’s prolific gold trends are very rare. Rarer still are for these land packages to have the highest grade mines in the U.S.
Read more at https://www.stockhouse.com/news/press-releases/2018/03/19/hecla-to-acquire-three-high-grade-nevada-gold-mines-with-the-acquisition-of#C3sXvQgBR5VlDpUA.99
Its obvious Jeff and Co's main goal is to look the most attractive to a potential bidder. I think this is a very important takeover that bodes very well for Corvus in the near future. The only problem with the Klondex takeover is the shareprice was beaten down over the past year. So in other words STOP GIVING AWAY CHEAP KOR SHARES! Remember the company has always been proud of the low float and no warrant share structure.
Today we would have pushed a new high if it wasn't for the dow and tsx selloff . You can see there is something behind the scenes driving the bid.
IMHO
Jay