Sprott happy with low ball offer from KL?The consesus of opinion is that BTR will be taken out, possibly by KL. Obviously KL will want to get us as chep as possible. However, would that actually suit Sprott on a personal basis? He is a shareholder of both BTR and KL.
A cheap takeover of BTR might not have much significant change in the sp of KL. Sprott would probably benefit a lot more from a high as possible takeover valuation.
Also, would the other majors in Canada just sit back and let KL get a valuable asset for pennies on the pound? Gold producers are looking for assets in safe jurisdictions having been burnt abroad.
A cheap takeover may not be a definite IMO.