Buyout would be too dumb to contemplateKL shareholders have one of the very best gold miners anywhere (and certainly among the best performance for sp appreciation and cash flow) and so why do people raise this issue of buyout? So we'd get maybe a 20% increase in sp and then what....where do you put this money....some losing junior? Banish this thought!
IMHO Kirkland is still at the early stages of longer term growth. Look at past performance and recent news on grade growth and expansion plans. Listen again to Sprott's presentation ay Jekyll Island to get a sense of where we're heading.....even at $1300 gold. Very low AISC and increasing grades and cash flow, systemic growth and potential for new locations. If we got bought out by a Barrick or Newmont for a share exchange I think we'd find ourselves just going mostly sideways for a very long time. Ni thanks, I'm happy with past KL performance and future prospects.
Check oldfx past posts on chart performance....seems like all is well. If you compare KL current price versus 52 week high differential against Agnico Eagle or Franco Nevada you'd see we're way above them both for performance. Future should have us near their share price. Give it time!