GREY:ALXDF - Post by User
Post by
Goodbadanduglyon Apr 09, 2018 10:49pm
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Post# 27856925
Merger or no merger.....
Merger or no merger....."I can see that Sean Boyd of EAM would want to consolidate the area by putting AZX with PRB and QMX (this is also the scenario that Kaiser is painting). AZX BoD is controlled by AEM and ES, so EO's vote is a minority vote on this board."
Goldhunter and Currower- you are both assuming that AEM would support a PRB and AZX merger so that they can consolidate the area. But PRB has Goldcorp as a major shareholder (not sure exact percentage but somewhere near 15-20%). Perhaps is it AEM that is not agreeing with the merger (along with EO) whereas ES being a shareholder of both azx and prb would benefit and prefer the merger??
Alexandria has a very, very strategic location with 3.5 km long Cadillac break property, that appears to be full of gold and I can imagine both Goldcorp and Agnic Eagle wanting it.....wouldnt be the first time they competed over a property.....