GREY:DRGDF - Post by User
Comment by
Weebleon Jul 18, 2018 10:34pm
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Post# 28336398
RE:RE:RE:RE:Buy out number
RE:RE:RE:RE:Buy out numberHave you ever had anything good to say? Every time a stock pops up, you show up to bash it. You are either a paid shill or foolish enough to think that you can hold the stock price down while you buy it.
Nobody in their right mind thinks anyone is going to bid on Detour based on the current price of gold. This has a very long mine life and has incredible leverage to a rising price of gold. At 1400 gold, they are raking it in. If they are losing money now (unlikely since even with a shovel broken down they managed to keep paying down their debt) all it does is create opportunity.
Daniel Earle of TD said this today....
Takeovers in the gold space have historically occurred at valuations ranging from 0.9x-1.4x NAV. At spot gold of ~$1,225/oz, the high-end of this range would imply a bid of ~$16.50/sh on our corporate NAV. For reference, Osisko was acquired for 1.7x NAV after a protracted battle..